Dell Stock Surges 238% in 2026 as Analysts Raise Targets on AI Strength

Dell Technologies’ latest quarterly results confirm the company continues to capitalize on robust hardware demand driven by the artificial intelligence infrastructure expansion. Despite a staggering 238% gain in 2026, analysts at Citi and Bank of America believe the stock has further upside potential, upgrading their price targets to $600, which implies a 41% increase from Tuesday’s close. Citi raised its target from $515, while Bank of America increased its previous $505 target. Bank of America analyst Wamsi Mohan noted that “component constraints and customer data center readiness are contributing to longer visibility.” He added, “With a broad portfolio that benefits from AI—spanning servers, storage, and PCs—we view DELL as solidly positioned to capitalize on AI upside in NeoClouds, Enterprise, Sovereign, and at the edge.” The stock surged on Tuesday, briefly climbing 9% in extended trading after the company reported better-than-expected fiscal second-quarter earnings and raised its full-year guidance. Dell now projects adjusted earnings of $25.50 per share on $192 billion in revenue for fiscal 2027, significantly exceeding the analyst consensus of $18.92 per share and $172.67 billion in revenue, per LSEG. Furthermore, the company raised its expected AI server revenue to $74 billion for fiscal 2027. Mohan highlighted that the supply-constrained environment and agentic AI adoption across NeoClouds and Enterprise create a favorable setup into 2027. Citi analyst Asiya Merchant echoed this sentiment, stating that Dell’s “broad portfolio, engineering, deployment expertise, financing availability, and supply-chain scale are driving share gains.” These bullish assessments align with Wall Street consensus, as 20 out of 28 analysts covering Dell Technologies maintain a buy or strong buy rating, according to LSEG data.

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