Dell Hits Record High as Analysts Raise Targets on AI Server Momentum

Overview

• Dell shares set a new peak of $219.50 after a year-long surge that pushed the stock up more than 100%.
• Bank of America lifted its price target to $246 and Evercore ISI moved to $240, pointing to Dell’s expanding role in AI across servers, storage and PCs.
• A purchase agreement from Boost Run for about $1.44 billion of Dell hardware and software underscored real-world enterprise demand for AI systems.
• AI servers now account for roughly 27% of Dell’s total revenue, highlighting a mix shift toward data-center products.
• Some analysts urged caution over memory costs, supply constraints and tougher competition, which they said could slow the rally.