Wall Street is Bullish on Dell Stock And Here’s Why We Agree

1 week ago 26

Vandita Jadeja

Fri, May 29, 2026 astatine 9:39 AM CDT 4 min read

Quick Read

Dell Technologies (DELL) reported Q1 FY27 gross of $43.84B, beating estimates by 22.58%, with AI-Optimized Server gross exploding 757% to $16.13B and AI orders of $24.40B, pushing full-year FY27 guidance to $165B-$169B.
Dell is capturing monolithic AI infrastructure stock during the information halfway buildout cycle, with a $43B backlog astatine the extremity of FY26 and expanding ISG operating margins astatine 10.5%, positioning it arsenic a cardinal beneficiary of hyperscaler superior spending.
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Dell Technologies (NYSE:DELL) conscionable delivered 1 of the astir explosive quarters successful its history, and the banal has responded successful kind.

After a 153.81% year-to-date rally and an 88% gross surge driven by AI servers, the question is whether the tally has much room. Our 24/7 Wall St. terms people for Dell is $360.47, implying 13.69% upside from $317.05, with a bargain standing and precocious confidence.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Dell Technologies wasn't 1 of them. Get them present FREE.

Metric

Value

Current Price	$317.05
24/7 Wall St. Price Target	$360.47
Upside	13.69%
Recommendation	BUY
Confidence	90%

An AI Server Quarter That Changed The Narrative

Dell shares closed astatine $317.05 connected May 28, up 25.42% successful a week, 53.96% successful a month, and 183% implicit 1 year.

The catalyst is Q1 FY27: gross of $43.84 cardinal bushed estimates by 22.58%, non-GAAP EPS of $4.86 bushed by 63.99%, and AI-Optimized Server gross exploded 757% to $16.13 billion. Management booked $24.40 cardinal successful AI orders during the 4th unsocial and raised full-year FY27 gross guidance to $165 cardinal to $169 billion, with non-GAAP EPS guided to $17.90 astatine the midpoint.

Why Bulls See A Breakout Ahead

The bull lawsuit is simply a backlog story. Dell exited FY26 with a $43 cardinal AI server backlog and added $24.40 cardinal of caller orders successful a azygous quarter. Guidance for astir $60 cardinal successful AI server gross successful FY27 represents 144% growth, and ISG operating borderline already expanded to 10.5%.

Reddit sentiment deed 85 (Very Bullish) post-earnings. If guardant EPS continues to migrate higher, our bull lawsuit script tops retired astatine $414.49 implicit the adjacent 12 months.

UBS expert David Vogt raised the firm's terms people connected Dell Technologies to $440 from $243 and keeps a Neutral standing connected the shares portion Citi expert Asiya Merchant raised the firm's terms people connected the banal to $475 from $290 and keeps a Buy standing connected the shares.

JPMorgan raised the firm's terms people to $500 from $280 and keeps an Overweight standing connected the shares pursuing the fiscal Q1 report.

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