Dell Technologies shares surge as analysts lift price targets on AI demand

Dell Technologies' stock jumped 4.2% on Thursday, touching $460.50 and closing around $450 after a volume dip of about 13% from its average. Analysts have raised price targets to $500, citing strong demand for AI‑related server infrastructure and the company’s recent earnings beat, with quarterly earnings per share of $4.86 versus the $2.96 consensus. Positive sentiment is reinforced by technical indicators: a weekly chart shows an intact upward trend channel, a bullish RSI crossover in the overbought zone, and Elliott‑Wave analysis placing the stock in wave 3, suggesting further upside before a corrective wave. The rally follows Dell’s broader AI momentum and favorable coverage in market commentary, although insider sales and tighter shareholder proposal rules are noted as potential headwinds. The company, headquartered in Round Rock, Texas, continues to benefit from AI‑driven demand across its server and data‑center portfolio.