Jun. 1 at 7:25 PM
Goldman Sachs more than doubles its price target on Dell
Goldman Sachs reiterated its buy rating on Dell shares Monday and more than doubled its price target on the stock on higher estimates and stronger confidence in the firm’s AI-driven growth outlook.
“We reiterate our Buy-rating and raise our 12-month target price to
$500 (v.
$230 prior) on raised estimates (F2027/28/29 EPS estimate revised up 41% on average) and increased confidence in DELL’s differentiated scale, business mix, and secular growth opportunities driven by agentic AI-related demand,” analyst Katherine Murphy said in a note Monday.
Shares jumped 10% in Monday trading to about
$465.
$DELL