Dell shares leap 11% to all-time high up on RBC Outperform initiation

Dell Technologies Inc (NASDAQ:DELL) shares struck an all-time high above $562, up 11% on Friday after RBC Capital Markets started protection with an Outperform ranking and a $640 rate target.

RBC’s initiation mentioned business need for AI financial investments, calculate modernization, storage growth and PC revitalize, which the company stated ought to sustain outcomes above Dell’s long-lasting targets.

Analysts indicated Dell’s end-to-end portfolio covering calculate, PCs, storage and servers, in addition to its set up base, supply chain and versatile usage alternatives, as elements placing the business to keep acquiring market share.

The company likewise flagged Dell’s IP mix shift and AI server development as significant operating margin growth motorists for its Infrastructure Solutions Group, and stated robust totally free capital generation supports shareholder-friendly capital allotment.

Dell reported record financial second-quarter 2027 earnings of roughly $47 billion, up 58% year-over-year, with adjusted incomes per share of $7.04 that beat price quotes. Management raised full-year financial 2027 earnings assistance by $25 billion to approximately $192 billion.

The business’s AI server stockpile reached $95 billion, with more than $60.9 billion in brand-new AI orders reserved throughout the quarter. Dell stated the stockpile supplies multi-year earnings exposure extending into 2028.

Dell is set up to sign up with the S&P 100 index in September 2026.