Dell Technologies (dell) Has Gained More Than 30% over the Past Month, Valuation Remains Cheaper Than the S&P

Dell Technologies (DELL) Has Gained More Than 30% Over the Past Month, Valuation Remains Cheaper Than The S&P Dell Technologies Inc. (NYSE:DELL) is considered a pure-play data center stock as its Infrastructure Solutions group sells PowerEdge servers and storage systems directly…

data centers, enterprises, and cloud providers. It is also one of the Best Data Center Stocks That Are Cheaper Than the S&P 500

The stock has gained more than 76% over the past 30 days, mainly due to record-breaking fiscal Q1 2027 earnings on May 29. During the quarter, Dell Technologies Inc. (NYSE:DELL) delivered record adjusted EPS of $5.24, exceeding the $2.96 consensus and revenue of $43.84 billion, significantly ahead of the expected $35.77 billion. Notably, the growth was driven by 757% year-over-year increase in AI server revenue, which reached $16.1 billion.

Moreover, the company also ended the quarter with an AI server backlog of $51.3 billion. Following the release on June 1, Truist raised the price target on the stock from $170 to $360, while maintaining a Hold rating. The firm highlighted exceptionally strong demand along with a tight supply environment.