Analysts raised price targets after Dell reported better-than-expected fiscal Q1 earnings and guidance driven by AI and server demand.
Dell Technologies (DELL) shares surged 35% in premarket trading after fiscal first-quarter results and guidance exceeded market expectations. The company’s performance was bolstered by strong demand for AI-driven servers and infrastructure solutions.
Analysts at J.P. Morgan maintained an Overweight rating on DELL and increased the price target, citing robust growth prospects in the AI and server segments. The quarter’s results surpassed consensus estimates, reflecting improved demand trends compared to prior periods.
The stock’s sharp rise reflects investor confidence in Dell’s positioning within the AI and enterprise computing markets, with further upside potential seen in upcoming quarters.