Dell Technologies Inc. (NYSE:DELL) shares surged to new highs on Tuesday ahead of the company's May 28 earnings report, fueled by booming AI infrastructure demand, bullish analyst upgrades, and major product announcements.

This comes during a day when technology stocks are generally performing well, with the Technology sector (XLK) up by 2.10%.

Analysts expect strong fiscal Q1 2027 results driven by accelerating AI server demand and conversion of Dell's roughly $43 billion AI backlog.

Momentum also strengthened following Dell Technologies World 2026, where CEO Michael Dell and NVIDIA Corp.'s (NASDAQ:NVDA) Jensen Huang highlighted "parabolic" AI growth and unveiled new AI servers, storage systems, and NVIDIA-powered "AI Factory" solutions.

Dell also launched the PowerStore Elite storage platform, featuring AI-driven software, next-generation hardware, and up to 3x the performance of prior models.

The company is targeting nearly $50 billion in AI revenue for fiscal 2027, reinforcing investor optimism around enterprise AI adoption and infrastructure spending.

DELL Technical Analysis: Bullish Trend Above Key Averages

Dell Technologies has shown impressive long-term performance, with a 12-month gain of 166.55%.

The stock is trading at $303.15, well above its 20-day simple moving average (SMA) of $238.68, suggesting strong bullish momentum.

The 50-day SMA is at $204.09, and the stock is trading 47.7% above this level, further confirming the upward trend.

The 20-day SMA crossing above the 50-day SMA is a bullish signal, while the recent golden cross in March, where the 50-day SMA crossed above the 200-day SMA, suggests a strong long-term bullish outlook.

DELL Earnings Preview And Analyst Price Targets

Dell Technologies is set to report earnings on May 28, 2026 (confirmed).

  • EPS Estimate: $2.92 (Up from $1.55)
  • Revenue Estimate: $35.71 billion (Up from $23.38 billion)
  • Valuation: P/E of 34.0x (Indicates premium valuation)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $223.58. Recent analyst moves include:

  • Wells Fargo: Overweight (Raises Target to $270.00) (May 22)
  • Morgan Stanley: Underweight (Raises Target to $170.00) (May 21)
  • B of A Securities: Buy (Raises Target to $280.00) (May 18)

Top ETFs Holding Dell Technologies

  • Brown Advisory Sustainable Value ETF (NASDAQ:BASV): 3.40% Weight
  • Tortoise AI Infrastructure ETF (NYSE:TCAI): 5.53% Weight
  • Monarch Volume Factor Dividend Tree Index ETF (NASDAQ:MVFD): 3.33% Weight

Significance: Because DELL carries significant weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

DELL Stock Price Activity: Dell Technologies shares were up 2.45% at $302.41 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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