Market Movers: JPMorgan Reiterated Overweight Rating on Dell
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Dell (NYSE: DELL | DELL Price Prediction) is also getting caught up in the pullback this morning.
The good news for the stock – JPMorgan reiterated its buy rating on the tech giant with a price target of $280 ahead of earnings.
“We are expecting Dell to raise its earnings guidance for FY27 (Jan-end) again from the already raised outlook of 25% growth, although more modest in this case, on account of flow-through of the beat in F1Q27 but constrained by supply visibility, which still needs to catch up to the higher demand outlook for AI servers in particular,” said the firm, as quoted by CNBC.
Dell is scheduled to post its first-quarter results on May 28.
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Over the past year, Dell’s rally has been fueled by surging demand for AI and growing expectations that Dell will remain a major beneficiary of the AI spending boom.
Heading into earnings, analysts expect Dell to report fiscal first-quarter revenue in the mid-$35 billion range, with adjusted earnings per share projected between $2.90 and $3.00. Investors will also be closely watching the company’s guidance for the remainder of the fiscal year.
Analysts at Citigroup raised their price target on Dell to $290 from $235, citing “strong neocloud/sovereign AI demand and improving enterprise mix” as key growth drivers, according to Seeking Alpha.
Analysts at Mizuho Financial Group also boosted their Dell price target, increasing it to $300 from $260. The firm pointed to agentic AI workloads as a durable catalyst for sustained server demand and recurring revenue growth.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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