Bond.az – BofA Securities raised its price target on Dell Technologies stock to $500 from $280 while maintaining a Buy rating. The stock currently trades at $317, up 183% over the past year.
Dell (NYSE:DELL) reported first-quarter results that beat expectations and raised fiscal 2027 guidance by nearly $30 billion on revenue and $5.00 on earnings per share to $165-$169 billion and $17.65-$18.15 respectively.
BofA Securities expects further growth in AI servers, infrastructure solutions for agentic enterprise and cloud service provider workloads, and increased storage attach. The firm said it has the least confidence in PC growth next year.
Dell management noted demand strength across both AI and traditional compute and pipelines building above historical norms.
BofA Securities reiterated its Buy rating on strong execution, early innings of enterprise AI adoption and higher attach of Dell intellectual property in storage.
