Key Stats for Dell Stock
- Price change for Dell stock: 17%
- $DELL Share Price as of May. 22: $295
- 52-Week High: $298
- $DELL Stock Price Target: $212
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
Dell (DELL) stock surged more than 16% on Friday after Lenovo dropped a blowout earnings report.
- Lenovo’s quarterly revenue jumped 27% year-over-year to $21.6 billion, while adjusted net income more than doubled.
- Its PC business grew 24%, and AI-related revenue shot up 84%.
- The results sent a clear signal: the PC market is recovering, and AI is starting to drive real demand.
- Investors quickly applied that logic to Dell and HP, pushing both stocks sharply higher.
HP also rose around 14% on the day.
Analyst upgrades added fuel to the rally.
- Wells Fargo raised its price target on Dell stock to $270 from $180, with analyst Aaron Rakers saying he expects Dell to raise its full-year guidance when it reports earnings on May 28. He pointed to accelerating demand across AI infrastructure as the main reason.
- Morgan Stanley also lifted its target — from $110 to $170 — though it stayed cautious on second-half profitability.
See analysts’ growth forecasts and price targets for Dell stock (It’s free) >>>
What the Market Is Telling Us About Dell Stock
This wasn’t just a Lenovo story. The market is treating today’s move as confirmation that the AI hardware cycle is real and still in its early stages.
Dell’s own recent results back this up.
- In its last quarter, the company reported $34.1 billion in AI server orders in a single quarter — a record.
- It exited the year with $43 billion in AI backlog and is guiding for $50 billion in AI revenue in fiscal 2027.
- That’s roughly double what it did last year.
Dell stock is now up around 39% over the past month alone, which shows how quickly sentiment can shift when earnings data aligns with the AI story.
The key question heading into May 28 is whether Dell raises guidance. Wells Fargo thinks it will.
If Lenovo’s numbers are any guide, the demand environment looks stronger than the market was pricing in just a few weeks ago.
For investors watching Dell stock, the earnings call on May 28 could be the next big catalyst — in either direction.
Estimate a company’s fair value instantly (Free with TIKR) >>>
How Much Upside Does Dell Stock Have From Here?
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
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!
