Dell Technologies (DELL) stock was on the rise Friday alongside updated analyst coverage. Five-star Wells Fargo analyst Aaron Rakers reiterated a Buy rating for the tech company. He also increased his price target for the shares to $270 from $180. However, DELL stock underwent a strong rally today, meaning that price target represents a possible 6.83% downside.
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Rakers wasn’t the only analyst to increase their price target for DELL stock. He was joined by five-star J.P. Morgan analyst Samik Chatterjee. This analyst boosted his price target for Dell to $290 from $235 and kept a Buy rating. Additionally, Chatterjee said that Dell is ready to benefit from “strong neocloud/sovereign AI demand and improving enterprise mix.”
Even the most bearish analyst covering Dell has increased his price target for the shares. Five-star Morgan Stanley analyst Erik Woodring maintained a Sell rating for DELL stock. Despite that, he increased his price target to $170 from $110. Traders will note that Woodring expects “very strong” near-term results from Dell, including a fiscal Q1 beat. However, Woodring claimed that Dell is already at a premium price when compared to AI sector peers.
Dell Stock Hits a New 52-Week High Today
Dell stock underwent a massive rally today, reaching $292.79 per share as of this writing. This is a new 52-week high for the tech stock. This was possible thanks to a 15.82% rally today, which extends a 134.35% year-to-date gain. The stock has also climbed 125.49% over the past 12 months.
DELL stock trading activity today was also elevated. The company saw some 6 million shares change hands this morning. This has it on pace to surpass its three-month average daily trading volume of about 6.32 million shares.
Investors will also note that Dell has a strong catalyst on the horizon. The company will report Q1 results after markets close on May 28, 2026. These earnings results could have a major impact on DELL stock.
