Dell stock hits all-time high

Shares of Dell Technologies surged nearly 8% to a record high, following a wave of bullish analyst calls underscored strong momentum in its AI server business. On Thursday, Goldman Sachs raised its price target on Dell Technologies to $215 from $195 and maintained a ‘Buy’ rating, which implied a 13% upside from current levels. According to Goldman, despite high expectations following the stock’s strong rally, Dell still appears well-positioned for further earnings growth, supported by robust demand for AI servers besides its advantage in securing Dynamic Random Access Memory (DRAM) supply.

DELL shares have gained around 30% since the beginning of March and more than 52% so far in 2026. Meanwhile, retail sentiment on Stocktwits remained in the ‘neutral’ zone over the past 24 hours.

JPMorgan on the other hand, raised its price target on Dell to $205 from $165, while maintaining an ‘Overweight’ rating. The revision comes as part of the firm’s Q1 outlook for the hardware and networking sector. The firm expects continued investment in AI infrastructure, including servers, networking equipment, and connectivity solutions, to drive upside for companies, like Dell, with strong exposure to AI demand.

In February, Dell said it expects revenue from its AI server business to more than double by fiscal 2027, with growth projected at 103% to around $50 billion. The company said it serves more than 4,000 customers in its AI server business.