Dell Stock Price Prediction: The Case for 20%+ Upside

Dell Technologies (NYSE:DELL) has gone from value-tech afterthought to 1 of the astir consequential AI infrastructure plays successful the market, and the illustration proves it. The banal is up 227.78% twelvemonth to day and 245.18% implicit the past year, yet our exemplary inactive sees country to run.

Our 24/7 Wall St. terms people for Dell is $503.22, implying 22.9% upside from the existent $409.45 price. Our exemplary rates the setup constructively, with a assurance people of 90%. The AI server backlog, raised guidance, and expert statement each enactment up down the thesis.

24/7 Wall St. Price Target Summary

A Parabolic Run Anchored by a Blowout Quarter

Dell trades conscionable 3% beneath its 52-week precocious of $469.47, good supra the $109.88 low. Shares climbed 34.21% implicit the past period aft the Q1 FY27 study connected May 28, 2026, though the past league cooled 5.67%.

The net study was the catalyst. Revenue deed $43.84 billion, up 87.5% YoY, beating estimates by 22.58%. Non-GAAP EPS of $4.86 blew past the $2.96 consensus. AI-optimized server gross unsocial grew 757% YoY to $16.13 billion. A reported $1.4 cardinal Microsoft woody successful mid-June added to the momentum.

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The Case for $523 and Beyond

The bull lawsuit rests connected a backlog that keeps refilling. Dell booked $24.4 cardinal successful AI orders successful Q1 alone, sitting connected a $43 cardinal AI backlog with a pipeline astatine multiples of that figure. Management guided FY27 gross to $165B to $169B and non-GAAP EPS to $17.90 astatine midpoint, up 74% YoY.

Operating leverage is showing through. ISG operating borderline expanded to 10.5% from 9.7%, portion CSG widened to 8% from 5.2%. Our bull-case script takes shares to $523.69, a 27.9% return. With 18 Buy ratings against conscionable 1 Sell, Wall Street is mostly connected board.