Why 1 Analyst Is Betting That DELL Stock Can Gain At Least Another 20% From Here

Dell Technologies (DELL) stock surged 334% over the past year, driven by AI server orders and broader business growth. The company booked $131.7B in AI server orders and reported $47B in revenue for fiscal Q2 2027, up 58%. Management raised its fiscal 2027 revenue guidance to $192B. Margins improved due to scale and storage growth, with non-GAAP operating margin at 15% for Q2. Management attributes part of the growth to inflation and supply constraints.

Silver Lake and related entities sold 1.4 million shares of Dell (DELL) Class C Common Stock between June and September 2026, generating over $700 million in proceeds. The sales involved multiple transactions, with the largest single sale totaling 166,474 shares for $85.4 million.

Dell Technologies (DELL) added Axelera AI's Europa accelerator to its hardware lineup, causing shares to rise 4.7% to $568.86. Europa is designed for power-efficient AI inference, with 629 TOPS at 45 watts. Axelera targets $1.5B in potential sales, though this represents pipeline opportunities, not booked revenue.

Dell reported $60.9B in AI orders, raising total backlog to $95B. Its AI infrastructure client base exceeded 6,500. The company generated $8.1B in adjusted free cash flow and returned $4.3B to shareholders. Dell raised its revenue outlook for fiscal 2027 to $192B, implying 70% growth, and expects full-year adjusted earnings per share of $25.50. Management anticipates stronger second-half performance. Analysts forecast 14.7% revenue growth and 10.7% earnings growth for fiscal 2028. The stock has

Dell Technologies' subsidiaries completed a $5 billion senior notes offering, including four tranches with varying maturities and interest rates. The notes are guaranteed by Dell and its subsidiaries. Dell's stock has surged 327% over the past year, with strong financial performance and raised guidance. Analysts have mixed views on its future prospects.

Silver Lake and a Dell director sold 72,148 Class C shares of Dell Technologies (DELL) on September 11, 2026, after converting 107,040 Class B shares. The sales occurred at weighted-average prices ranging from $547.73 to $567.45 per share, totaling over $40 million. Silver Lake retains an indirect position of 25,994,791 Class B shares, convertible to Class C.