Analysts Lift Siemens and Dell Stock Targets on Strong AI‑Driven Outlook

Berenberg analysts raised Siemens AG’s price target to €320 from €245 and reaffirmed a “buy” rating, citing the German industrial‑technology group's growth prospects in automation, digital factories and AI‑enabled infrastructure.

Piper Sandler upgraded Dell Technologies, boosting its price target to $497 from $167 and confirming an “overweight” rating after reporting what the firm called one of its strongest quarters, driven by surging demand for AI‑related server and data‑center solutions.

Both upgrades reflect optimism that the companies will benefit from the expanding global AI and digital‑transformation market, despite lingering supply‑chain concerns.