Aug. 4 at 8:50 PM
Dell Technologies shares climbed to a new all-time high during afternoon trading as investors cheered bullish analyst commentary, improving margin expectations, and continued optimism around AI infrastructure spending. Evercore ISI reiterated its Outperform rating with a
$500 price target, while other analysts raised margin forecasts, citing premium pricing for AI-optimized hardware and an accelerating enterprise refresh cycle.
The rally builds on Dell’s strong fiscal Q1 2027 results, which showed revenue surging 88% year-over-year to
$43.8 billion and non-GAAP EPS of
$4.86, comfortably ahead of Wall Street estimates. Management also guided fiscal Q2 revenue to
$44 billion-
$45 billion and expects its Infrastructure Solutions Group to grow roughly 75%, driven by sustained demand for AI servers. Investors also highlighted Dell’s 7.9% operating margin as evidence that AI-related growth is translating into stronger profitability.
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