Dell (DELL) Price Target at $490 with 17% Upside Potential

AI Summary

Dell Technologies (DELL) received a buy rating with a price target of $490, indicating a potential upside of 17%. The company reported a revenue surge of 757% in Q1 AI server revenue, totaling $16 billion, contributing to a dramatic 267.31% increase in shares over the trailing 12 months. Dell raised its FY27 revenue guidance to between $165 billion and $169 billion and projected AI server revenue to reach $60 billion, up 144%. Analysts remain optimistic, with 18 out of 26 covering analysts rating it Buy or Strong Buy, reflecting strong market sentiment.