An analyst meeting with Dell Technologies Inc's (NYSE:DELL) CEO Michael Dell indicated that the company sees robust AI demand and has secured supply for fiscal 2027.

The Analyst: BofA Securities’ analyst Wamsi Mohan reiterated a Buy rating, and raised the price target from $172 to $205.

The Thesis: The meeting with the CEO indicated that the company is "executing from a position of strength" in the AI infrastructure buildout and has the supply and operational capacity to meet their fiscal 2027 guidance, and could potentially beat it, Mohan wrote.

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Dell has the capacity to support its ongoing market share gains, he added.

The company has longstanding supplier relationships, scale advantages, and "the ability to quickly re-config products," which helps it stand in good stead even during times of disruption, the analyst stated.

The tech manufacturer is also taking steps to protect its profitability amid inflation and indicated that "supply availability matters more than price for customers," he further mentioned.

"Overall, the call strengthened our view that Dell can compound EPS growth and FCF through the AI cycle due to their differentiated ability to deliver at scale," Mohan wrote.

DELL Price Action: Shares of Dell Technologies had risen by 4.95% to $186.48 at the time of publication on Wednesday.

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