Evercore ISI raises Dell (DELL) price target to $650 from $500; Wedbush's Dan Ives adds DELL to AI 30 Winner List
What happened
Evercore ISI raised its price target on Dell Technologies (DELL) from $500 to $650 — a $150 increase, one of the largest single jumps in this cycle — and Wedbush analyst Dan Ives added DELL to his AI 30 'Winner List,' his high-conviction list of AI beneficiaries, calling Dell a major beneficiary of corporate spending on AI servers and data-center infrastructure. The moves extend a week of bullish revisions: Mizuho raised its target to $650 from $600, and Goldman Sachs maintained Buy at $570 citing Dell's AI server delivery running 4-6 weeks faster than peers. Dell shares rose about 2% Friday to $586.06, closing roughly 1.6% below their $595.51 52-week high.
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Start your free 14-day trialWho’s affected
- DELL — direct beneficiary of the raised target and continued analyst momentum. Sector read-through: AI server/data-center ecosystem (NVDA, SMCI, AVGO, memory names MU/WDC/STX), since Dell's order/backlog numbers are a leading indicator of hyperscaler and enterprise AI capex.
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