Analyst report 📈 Stocks 🌍 United States ISIN US24703L2025

Dell Shares Hit Record $567 as RBC Initiates Coverage With $640 Target

Dell stock climbed to a record $567.29 after RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target, citing strong AI server demand.

📅 September 14, 2026 🕐 1 min read

1 assets impacted (Stocks). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: DELL ↑ 7/10 (70% confidence).

📊 Affected Assets (1)

DELL

Bullish 🤖 70%

📆 Mid-term 🌍 US · Explicit

RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target, citing Dell's AI server backlog and strong infrastructure demand.

🎯 Key Takeaways

RBC Capital Markets initiated Dell coverage with an Outperform rating and a $640 price target.
Dell reports a $95 billion server order backlog, with $16.4 billion attributed to AI-dedicated hardware.
Shares have rallied over 274% in the last six months amid sustained investor interest in AI infrastructure.

📝 Executive Summary

Dell Technologies shares surged nearly 12% to a record high of $567.29 following an Outperform initiation from RBC Capital Markets. Analysts highlighted a robust $95 billion server backlog, driven by surging demand for AI-optimized infrastructure.

❓ FAQ

Why did RBC Capital Markets initiate coverage on Dell?

RBC initiated coverage with an Outperform rating due to Dell's significant server order backlog and strong market demand for AI-related computing infrastructure.

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