Bond.az - Evercore ISI reiterated an Outperform rating and $270 price target on Dell Technologies (NYSE:DELL) ahead of its Q1 fiscal 2027 earnings.
The firm added Dell to its Tactical Outperform list, citing continued AI infrastructure momentum and improving enterprise AI demand. Its estimates imply upside to consensus revenue of $34.9B and EPS of $2.89.
Dell shares trade at $252.80, up 102% year-to-date. The firm sees potential for Dell to raise its FY2027 guidance of $140B in sales and $12.90 EPS, driven by stronger AI server demand.
Dell AI Factory now serves over 5,000 customers, up from 4,000 three months ago. Evercore sees AI server business as the key upside variable.
Dell also unveiled new products at Dell Technologies World, including the PowerStore Elite platform with up to 3x performance and a 6:1 data reduction guarantee.
