Wall Street sets DELL stock price for the next 12 months

Wall Street analysts were quick to take notice of Dell’s (NYSE: DELL) strong fiscal year (FY) 2027 first-quarter (Q1) earnings and the latest major military contract, which, together, helped the stock soar 33.42% to $423 in the May 29 extended session.

Indeed, already in the Friday pre-market, as many as seven prominent institutional experts updated their forecasts, with as many as five proving bullish.

The 12-month Dell stock price target revision provided by Barclays’ Tim Long was, undoubtedly, the starkest among its peers, as it not only featured a reiterated ‘Buy’ rating but saw an estimate upgrade from $168 to $550.

Piper Sandler’s James Fish and Raymond James’s Simon Leopold were not far behind in terms of magnitude, with the former providing a raise from $167 to $497 and the latter from $182 to $500.

Meanwhile, JPMorgan’s (NYSE: JPM) Samik Chatterjee assigned a ‘Buy’ rating, while issuing an upward revision from the previous $280 Dell stock 12-month price target to $500.

Aaron Rakers, a Wall Street expert from Wells Fargo (NYSE: WFC), provided the same recommendation while swapping the old $270 Dell shares forecast with a new $505 estimate.

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Elsewhere, KeyBanc broke from the crowd when its analyst market Dell stock as a ‘Hold’ without assigning a price target to the equity.

Erik Woodring from Morgan Stanley (NYSE: MS) was even more bearish despite the technology firm’s reported success, issuing a ‘Sell’ recommendation and forecasting a 46.38% drop from the latest closing price of $317.05 and a 59.81% crash from $423 at press time to $170 in 12 months’ time.

Woording has been maintaining the bearish outlook through several recent revisions, primarily citing risks for later in the calendar year 2026, including supply shortages and memory inflation.

DELL stock soars more than 33% on blockbuster earnings and DoD contract

Examining Dell shares’ latest performance reveals that, after soaring $146.92 year-to-date (YTD) and 21.73% from President Donald Trump’s latest indirect endorsement of the firm and the family behind it to its May 28 closing price, the technology giant soared another 33.42% to $423 in the lead-up to the Friday morning bell.

The most recent upsurge was driven by an earnings report that showed Dell significantly beating analyst forecasts for revenue and earnings per share (EPS), and featured a 757% increase in artificial intelligence (AI) server-related sales.

Furthermore, the company published optimistic guidance for FY2027 while, in parallel, the U.S. Department of Defense unveiled a new $9.7 billion contract between the government and the firm.

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