Truist Raises DELL Price Target to $360, Keeps Hold Rating

Dell Technologies Inc. (NYSE:DELL) is one of the 10 Best Performing Growth Stocks So Far in 2026. On June 1, Truist Securities increased its price target on Dell Technologies Inc. (NYSE:DELL) from $170 to $360 while keeping a Hold rating on the stock.

The research firm pointed to exceptionally strong demand and limited supply conditions. Truist believes that the second quarter of fiscal 2027 will likely show the same strength as seen in the first quarter.

Truist Raises DELL Price Target to $360, Keeps Hold Rating

Photo by Pok Rie on Pexels

The firm sees potential upside to Dell Technologies Inc.’s (NYSE:DELL) guidance for the second half of fiscal 2027 if it is able to secure sufficient supply to meet demand. Truist expects Dell Technologies Inc. (NYSE:DELL) to generate $174.3 billion in revenue for fiscal 2027, which is above the company’s own guidance range of $165 billion to $169 billion.

Looking ahead, Truist forecasts that the company’s sales will grow by 11% in fiscal 2028. The firm also expects earnings per share to reach $22, representing 10% year-over-year growth.

​Dell Technologies Inc. (NYSE:DELL) is an American multinational technology company that designs, develops, manufactures, markets, sells, and supports integrated technology solutions, products, and services.

While we acknowledge the risk and potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Stocks Most Bought by Hedge Funds in Q1 2026 and 10 Best Single Digit Stocks to Buy Right Now.

Disclosure: None.  Follow Insider Monkey on Google News.

1281292 - 11759070 - 1