NEW YORK — Dell Technologies Inc. shares rose more than 15% on May 22, 2026, reaching around $292.41 in morning trading as multiple analysts raised price targets amid continued demand for AI-optimized servers.

The Round Rock, Texas-based company has seen its stock climb significantly in 2026, driven by growth in its Infrastructure Solutions Group. Dell reported fiscal 2026 full-year revenue of $113.5 billion, up 19% year-over-year, with servers and networking contributing substantially.

Recent Analyst Actions

Wells Fargo maintained an Overweight rating on May 22 and raised its price target. Other firms, including Morgan Stanley, BofA Securities, JPMorgan, Citi and Mizuho, have issued upward revisions in recent weeks. Morgan Stanley raised its target to $170 from $110. BofA increased to $280 from $246. JPMorgan lifted to $280 from $205. Citi moved to $290 from $235, and Mizuho to $300 from $260.

Consensus ratings stand at Moderate Buy or Buy, with average 12-month price targets ranging from approximately $203 to $228 across 20-29 analysts, though some individual targets reach $300.

Financial Performance

Dell reported first-quarter fiscal 2026 revenue of........

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