Goldman Sachs Raises Dell Price Target to $215: Is This AI Server Powerhouse Still the Best Value in Tech?

2 weeks ago 8

David Moadel

Thu, April 16, 2026 astatine 9:52 AM CDT 4 min read

Goldman Sachs raised its terms people connected Dell (DELL) to $215 from $195 portion maintaining a Buy rating, betting that the company’s AI server dominance and structural DRAM proviso vantage volition thrust further net upside adjacent aft a important rally.
Dell’s valuation astatine 14x guardant P/E and 0.74 PEG ratio looks undemanding for a institution guiding 25% FY27 EPS growth, but investors should measurement the AI infrastructure tailwind against borderline compression risks from the higher-margin premix shift.
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Dell Technologies (NYSE:DELL) banal is getting a raised terms people from Goldman Sachs, which lifted its people connected Dell to $215 from $195 portion maintaining a Buy rating. The determination signals Wall Street sees much runway up adjacent aft DELL banal has already surged 49% twelvemonth to date. For semipermanent investors, the revised people reflects condemnation connected AI infrastructure request that shows nary motion of slowing.

Goldman acknowledges the banal has climbed sharply, but argues that Dell remains good positioned for further upside to earnings, driven by AI server request and a comparative vantage successful securing DRAM supply. That supply-chain borderline matters successful a marketplace wherever AI infrastructure buildouts are constrained by constituent availability. With DELL banal trading astir $187.70 today, Goldman's caller people implies meaningful further upside.

Ticker

Company

Firm

Action

Old Rating

New Rating

Old Target

New Target

DELL	Dell Technologies	Goldman Sachs	Price Target Raised	Buy	Buy	$195	$215

Goldman's rationale centers connected elevated expectations pursuing beardown banal show not being capable to derail the bull thesis. Dell's AI server concern is scaling faster than statement estimates. The firm's DRAM proviso positioning gives it a structural borderline implicit competitors fulfilling AI server orders.

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The numbers backmost that view. Dell reported AI-optimized server gross of $8.95 cardinal successful Q4 FY26, up 342% twelvemonth implicit year, portion its AI backlog entering FY27 deed a grounds $43 billion. That backlog provides antithetic net visibility heading into the adjacent fiscal year.

Dell Technologies designs, develops, and sells IT solutions globally done 2 superior segments: Infrastructure Solutions Group and Client Solutions Group. Its Infrastructure Solutions Group generated $19.6 cardinal successful Q4 FY26 revenue, up 73% twelvemonth implicit year, making it the motor of Dell's translation into an AI infrastructure powerhouse.

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