DELL Stock Spikes To Record Highs On President Trump’s Endorsement

Evercore ISI added Dell Technologies (NYSE:DELL) to its 'tactical outperform list' ahead of earnings, citing strong AI server demand and supply constraints. The firm expects a solid quarterly beat and raised fiscal 2027 guidance, with AI servers as the main growth driver. Street estimates project $44.9B revenue and $4.89 EPS, up 51% YoY. Dell's AI backlog stands at $51.3B, with supply constraints expected to persist.

Wall Street analysts maintain positive outlooks on CrowdStrike, Dell, and SanDisk, citing long-term growth in cybersecurity, AI infrastructure, and storage. CrowdStrike's price target raised to $245 by Truist, Dell's to $550 by Evercore, and SanDisk's to $2,250 by J.P. Morgan, all with buy ratings.

Wall Street analysts highlight growth potential in CrowdStrike (CRWD), Dell (DELL), and SanDisk (SNDK). Truist raised CRWD's price target to $245, citing strong Falcon Flex adoption. Evercore increased DELL's target to $550, noting AI server and storage business growth. J.P. Morgan initiated SNDK with a $2,250 target, citing AI-driven NAND demand and high-margin agreements.

Dell reported record Q1 2027 revenue of $43.8B (+88% YoY), $16.1B in AI server revenue, and $4.86 EPS (+214% YoY). The company returned $2.1B to shareholders. Institutional investors have driven a 281% stock price increase this year, with strong sales and EPS growth. Dell is expected to report again on Sept. 3.

Evercore ISI raised Dell Technologies' (DELL) price target to $550, citing growth in its storage portfolio and AI infrastructure. The firm expects storage demand to increase, driving revenue and profit acceleration. Dell's stock has returned 251% over the past year, with a PEG ratio of 0.38, according to InvestingPro.

Evercore ISI raised its price target for Dell Technologies to $550 from $500, maintaining an outperform rating. The company's stock closed at $468.65, down 2.33%. The adjustment reflects changes in valuation and earnings per share revisions.