Dell Shares Hit Record High Following RBC Outperform Rating
On September 14, 2026, shares of Dell Technologies (NYSE:DELL) closed at a record high of $567.29 after rising 11.98% on Friday following an outperform rating from RBC Capital Markets. The brokerage initiated coverage with a price target of $640, citing strong demand for AI infrastructure and a significant server order backlog valued at $95 billion. RBC highlighted that approximately $16.4 billion of the backlog consists of AI-dedicated servers sold in the latest quarter. This has contributed to Dell's share price rising over 274% in six months, driven by growing demand for computing hardware related to artificial intelligence workloads. The average analyst target is currently at $570.48, slightly above Friday’s closing price. The stock continues to benefit from positive investor sentiment and strong institutional support, with RBC's optimistic outlook reinforcing the broader market confidence in Dell's growth trajectory.
Tickers: $DELL
Topics: AI infrastructure demand Dell Technologies RBC Capital Markets server backlog