Dell Technologies Shares Surge 15% as Targets Rise to $290
Dell Technologies shares surged 15% to $290, a 52-week high, as analysts raised price targets to $270–$290 and Morgan Stanley boosted its target to $170. Analysts forecast Q1 FY27 adjusted EPS of $3 (up 94%) on $35.46 billion revenue (up 52%) and see AI demand above its $50 billion FY27 goal.
1. Analyst Target Revisions
Multiple analysts raised price targets for Dell Technologies ahead of its May 28 earnings. Wells Fargo lifted its target to $270 from $180, JPMorgan to $280 from $205, Citigroup to $290 from $235, and Morgan Stanley increased its target to $170 from $110 while maintaining an Underweight rating.
2. Share Price Reaction
Dell shares responded by surging 15% in morning trading to $290, marking a 52-week high as investors positioned for strong quarterly results and robust AI server demand.
3. Q1 FY27 Forecasts
Analysts now forecast Dell’s first-quarter fiscal 2027 adjusted earnings at $3 per share, up 94% year-over-year, on revenue of $35.46 billion, a 52% increase driven by accelerated enterprise spending.
4. AI Demand and Future Outlook
Dell ended fiscal 2026 with $64.1 billion in AI orders, $25.2 billion in shipments and a $43 billion AI backlog, with management guiding toward approximately $50 billion in AI revenue for fiscal 2027. However, memory inflation and supply shortages pose potential margin headwinds later in the year.