"Goldman Sachs raised its price target for Dell Technologies to $215, reflecting strong confidence in the company's AI infrastructure demand and its competitive advantage in securing DRAM supply, which is crucial for AI server orders."
"Dell's AI-optimized server revenue reached $8.95 billion in Q4 FY26, marking a 342% year-over-year increase, while the AI backlog entering FY27 hit a record $43 billion, providing significant earnings visibility."
Goldman Sachs increased Dell Technologies' price target to $215 from $195, maintaining a Buy rating. This adjustment reflects confidence in ongoing AI infrastructure demand. Despite a 49% stock surge year-to-date, Goldman believes Dell is well-positioned for further earnings growth, particularly due to its AI server demand and advantageous DRAM supply. Dell's Q4 FY26 AI-optimized server revenue reached $8.95 billion, a 342% increase year-over-year, with a record AI backlog of $43 billion, indicating strong earnings visibility for FY27.
Read at 24/7 Wall St.
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