Dell Technologies Inc. shares climbed to an all‑time high of $514.36 on September 3, 2026, lifting the company’s market capitalization to roughly $328.6 billion. The move follows a 300.84% gain in the stock over the past twelve months and a consensus Wall Street view that the price could still rise another 15%.
Trailing‑twelve‑month revenue hit $151.2 billion, a 49% increase from the prior year, while the PEG ratio sits at 0.19. Storage revenue grew 26% year‑over‑year, underscoring the profitability of Dell’s data‑center portfolio.
Analysts upgraded their outlooks across the board. JPMorgan lifted its target to $635, citing solid second‑quarter results and momentum from artificial‑intelligence and IT‑infrastructure renewal. Bernstein raised its target to $650, pointing to the 26% storage revenue growth. Truist Securities set a target of $505 after noting a record $95 billion backlog of AI servers that should provide visibility through fiscal 2028. TD Cowen increased its target to $500, highlighting projected AI‑server demand of $74 billion in fiscal 2027. KeyBanc maintained a neutral sector‑weight rating, acknowledging strong quarterly performance but expressing uncertainty about further upside.
Eight analysts have recently revised earnings estimates upward. Truist highlighted the $95 billion AI‑server backlog, while TD Cowen emphasized the $74 billion demand forecast for FY2027. InvestingPro’s valuation model, however, flags the stock as overvalued relative to its fair‑value estimate, placing it among the platform’s most overvalued equities.
