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Dell Technologies (NYSE:DELL) Shares Up 11.8% - Time to Buy?
- On Friday, Dell Technologies stock rose 10% after RBC Capital Markets initiated coverage with an outperform rating and a $640 price target.
- Shares have more than quadrupled so far in 2026 as Dell emerged as a top vendor for Nvidia-based servers that cloud companies and enterprises are acquiring for artificial intelligence deployments.
- RBC analyst David Paige noted Dell holds $95 billion in server order backlogs, writing, "With no signs of slowing, we believe DELL continues to be well positioned to benefit from a multi-year AI infrastructure spending cycle."
- Dell raised its fiscal full-year sales forecast to $192 billion and lifted its AI-optimized server revenue outlook to $74 billion, representing roughly 200% growth year over year.
- Paige highlighted Dell's supply chain as a "competitive moat" during supply disruptions, while storage revenue rose 26% last quarter, signaling AI demand is lifting GPU-independent product lines.
Insights by Ground AI
12 Articles
12 Articles
Dell Stock Hits Record High After RBC Sets $640 Target on AI Backlog
Dell shares hit a fresh all-time high after RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target, citing a $95 billion AI server backlog. The stock is already up nearly 350% in 2026, raising the question of how much of this good news is already priced in.
Economy: Dale Technologis's stock rose 10% during Friday's dealings, after RBC Capital Markets started covering the company's stock with a "exceeding the market" recommendation...
Coverage Details
Total News Sources12
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
Factuality
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