Dell Technologies Stock Hits New Record Amid RBC's Outperform Rating
On September 11, Dell Technologies (DELL) stock closed at a new all-time high following an 'Outperform' rating from RBC Capital Markets. Analyst David Paige set a $640 price target for DELL shares, indicating potential for another 15% growth. This comes as the company continues to benefit from strong demand in AI hardware and has seen its stock rise over fourfold since January 2026. RBC highlighted Dell's leadership position in enterprise AI server sales with a $95 billion unfulfilled order backlog, along with Q2 earnings showing $16.4 billion in AI-optimized server revenue. The firm also noted strong growth in high-margin storage solutions and efficient supply chain management as key competitive advantages. The stock is currently rated 'Strong Buy' by Wall Street analysts, with some setting price targets as high as $735. Analysts believe Dell's position in the growing AI market will continue to drive outperformance against competitors.
Tickers: $DELL
Topics: AI hardware demand bullish rating Dell Technologies RBC Capital Markets server sales