Melius lifts Dell target to $735, the Street high, after AI order report

After the fiscal second-quarter report, Melius Research raised its price target on Dell to $735, the highest among analysts tracked by LSEG, Reuters reported. JPMorgan analysts said the record $60 billion in orders and $95 billion backlog showed continued AI momentum.

• Melius Research price target $735, the highest among LSEG-tracked analysts
• Record AI server orders of $60 billion and backlog of $95 billion cited by analysts
• Reuters reported the move after the fiscal 2027 revenue outlook rose to $192 billion