Bernstein Boosts Dell Price Target to $500 After 88% Q1 Revenue Jump
DELL•Bernstein raised its price target on Dell to $500 from $280 following Q1 fiscal 2027 revenue of $43.8B (up 88% YoY) and adjusted EPS of $4.86. The firm also lifted Dell’s fiscal 2027 earnings outlook to $17.90 per share and revenue forecast to $165–169B, driving shares near record highs.
1. Q1 Fiscal 2027 Financial Performance
Dell reported Q1 fiscal 2027 revenue of $43.8 billion, an 88 percent increase year-over-year, driven by robust demand for AI-focused and traditional servers. Adjusted earnings reached $4.86 per share, surpassing analyst estimates and underpinning the company’s strong profit momentum.
2. Upward Revision of Fiscal 2027 Guidance
Following the quarter, Dell raised its full‐year adjusted EPS forecast to $17.90 from $12.90 and increased its revenue guidance range to $165 billion–$169 billion. The revision reflects higher server volumes, pricing gains linked to memory costs, and sustained agentic AI workloads.
3. Bernstein's Price Target Hike
Analyst firm Bernstein boosted its Dell price target to $500 from $280 while maintaining an Outperform rating. The firm cited the company’s Q1 beat, AI server growth, and improved cost management as key drivers for the significant target increase.
4. Market Reaction and Stock Impact
Shares of Dell have climbed roughly 43 percent since the earnings release, trading near record highs. The combination of upgraded guidance and a street-high price target has reinforced investor confidence in Dell’s role in the expanding AI infrastructure market.
