Dell (DELL) Stock Surges to Record High Following Goldman Sachs $215 Price Target Upgrade
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Dell Technologies' stock reached a record high of $191.38 after Goldman Sachs upgraded its price target to $215, citing strong AI server demand and the company's competitive positioning. The company's AI-optimized server revenue surged 342% to $8.95 billion in Q4 FY26.
Dell Technologies' shares hit a record peak of $191.38 on April 16 following Goldman Sachs' price target upgrade to $215. The company's AI-optimized server revenue surged 342% to $8.95 billion in Q4 FY26, with an AI backlog of $43 billion entering FY27. Several Wall Street firms, including Mizuho, Evercore ISI, and Bank of America, upgraded their targets, with 19 buy or strong buy recommendations across Wall Street firms. Dell's FY27 guidance calls for total revenue between $138 billion and $142 billion, with AI-optimized server revenue projected at $50 billion. The company's shares have surged 49% year-to-date and 117% over the trailing twelve months. Dell appears undervalued relative to the broader market, with a forward price-to-earnings multiple of 14x and a PEG ratio of 0.74.
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