Analysts set a $503.22 price target for DELL after AI server revenue jumped 757% to $16 billion in Q1.
Dell Technologies (NYSE:DELL) received a $503.22 price target, suggesting 22.9% upside from its current $409.45 price. The projection follows a 757% year-over-year surge in AI server revenue to $16 billion in Q1, driving a $43 billion backlog and lifting FY27 guidance.
Revenue reached $43.84 billion, up 87.5% from the prior year, though gross margins narrowed to 18% from 21% as low-margin AI servers dominated sales. The stock has climbed 227.78% year-to-date but remains 3% below its 52-week high of $469.47.
Shares rose 34.21% in the past month after the May 28, 2026 earnings report but dipped 5.67% in the last session. Analysts cite the AI-driven backlog and raised guidance as key catalysts for further gains.