Dell Price Target Hits $510, Goldman Sachs Cites AI Server Strength

Goldman Sachs raised its price target on Dell Technologies to $510. The previous target was $500. The firm maintained its Buy rating on the stock.

Analysts cited sustained optimism for AI server demand as the primary driver for the increase. Dell remains a dominant player in the high-growth AI infrastructure segment.

The update follows an August 11 recommendation from CNBC’s Jim Cramer to favor Dell and HPE over Supermicro. Broader market sentiment for AI hardware remains positive.

Dell shares recorded pre-market gains. This movement follows strong revenue guidance from other competitors in the AI hardware space.