Dell shares soar 30% as AI server demand, price hikes power stellar quarter
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Dell (DELL) PT Raised to $500 at JPMorgan
May 29, 2026 7:11 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Dell (NYSE: DELL) to $500.00 (from $280.00) while maintaining a Overweight rating.
The analyst comments "Dell raised its FY27 outlook materially once again, with the demand environment continuing to track well above expectations, and the pipeline now extending further into the year providing visibility to raise revenue expectations for 2H, despite maintaining prudence to account for both supply and the likelihood of demand moderation following the pull-forwards. While pull-forwards are admittedly ongoing, the underlying strength remains evident across multiple drivers: 1) Improvement in the... More
