Analysts Lift Dell Targets to $600 After AI-Fueled Earnings Beat
DELL has more than doubled off its 52-week low of $110.22 on elevated volume (4.9× avg).
Summary
Dell's Q2 FY27 results beat expectations, with revenue up 58% to $47B and EPS up 273% to $6.34, driven by explosive AI server demand. The company raised full-year guidance to $25.50 EPS on $192B revenue, well above consensus. Citi and BofA both raised price targets to $600, implying 41% upside, citing longer visibility from component constraints and customer data center readiness. The stock gained 9% in extended trading. This follows the record Q1 results and the $3B debt issuance in June; the AI server revenue guidance was raised to $74B for FY27. Watch for continued AI infrastructure spending trends and any supply chain constraints.
At the time of this announcement, DELL was trading at $485.75 on NYSE in the Technology sector, with a market capitalization of approximately $319.1B. The 52-week trading range was $110.22 to $514.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CNBC TV18.