Analysts see Dell extending 238% 2026 rally as Citi lifts target to $600
AI Market Summary
Dell's quarterly results and raised FY2027 guidance underscore sustained AI-infrastructure hardware demand, with higher expected AI server revenue and improved multi-year visibility despite component constraints. Citi and Bank of America reiterated Buy ratings and lifted price targets, reinforcing positive sell-side momentum after a sharp YTD rally and an after-hours jump. The update supports near-term sentiment around AI-linked hardware and data-center capex beneficiaries.
Impact level
● Medium
Affected assets
NCSKDELL2USD/USDT+2.67%
AI Insight · NCSKDELL2USD/USDTAI Insight
▲ Bullish
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Dell Technologies’ latest results show it continues to benefit from AI-driven demand, and analysts see further upside. Citi raised its price target to $600 from $515, while Bank of America previously set a $505 target. The company expects fiscal 2027 adjusted earnings of $25.50 per share on $192 billion in revenue. Dell shares are up 238% year to date.
