Key Stats for Dell Technologies Stock
- Price change for Dell Technologies stock in last 6 months: 278%
- $DELL Stock Price as of Sep. 11: $567
- 52-Week High: $568
- $DELL Stock Price Target: $570
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What Happened?
Dell Technologies (DELL) stock jumped 12% on Friday after RBC Capital Markets started covering the stock for the first time, giving it an outperform rating and a $640 price target.
The move added to a strong run for Dell Technologies stock, which is up more than 10% today alone and has now risen in six of the last seven sessions.
RBC analyst David Paige said Dell is a “primary beneficiary” of companies pouring money into AI infrastructure.
He pointed to Dell’s $95 billion order backlog for servers that hasn’t even been filled yet, plus $16.4 billion worth of AI servers sold last quarter alone.
The timing lines up with Dell’s recent earnings report.
Just weeks ago, the company beat estimates and raised its full-year sales forecast to $192 billion, marking almost 70% growth over last year.
On that same earnings call, executives said they’re raising prices because parts like memory chips cost more now, and that’s part of why guidance moved higher.
Dell also holds a unique spot in the AI supply chain.
It was one of the first companies to ship Nvidia’s Grace Blackwell NVL72 server racks, showing just how tight its partnership with Nvidia really is.
That relationship helps Dell secure GPU supply that other companies struggle to get. Dell also supplies cloud computing firms like CoreWeave.
AI chips aren’t the only story, either.
Dell’s storage business, which doesn’t rely on Nvidia hardware, grew 26% last quarter as more companies need to store and manage the data that AI systems create.
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What the Market Is Telling Us About Dell Technologies Stock
RBC’s note framed Dell as a “one-stop shop” for AI infrastructure, which seems to be resonating with investors today.
Analyst Paige also called Dell’s supply chain a real competitive advantage, noting customers turn to the company as a “calming hand” when parts get scarce industry-wide.
Adding a bit of extra buzz, President Trump, who has previously bought Dell shares, recommended buying Dell computers again back in July.
While that’s more of a sideshow than a fundamental driver, it hasn’t hurt sentiment.
Between the RBC upgrade, the strong earnings backdrop, and Dell’s central role in AI infrastructure buildouts, today’s rally suggests investors see more room for Dell Technologies stock to run.
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How Much Upside Does Dell Technologies Stock Have From Here?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
