Dell Slips as Daily Trading Volume Ranks 217th Amid Analysts Hike Price Targets on AI Growth

Dell Technologies (NYSE:DELL) closed on August 15 with a 0.42% decline, trading at $93.9 billion in market capitalization. The stock saw a volume of 0.48 billion shares, ranking 217th in daily trading activity. Analyst activity and strategic updates remain central to near-term sentiment.

Evercore ISI raised its price target for Dell to $160 from $150, maintaining an Outperform rating. The firm highlighted sustained demand for AI servers, driven by key clients like xAI and Coreweave, as well as incremental capacity expansion with Oracle. Supply chain assessments suggest upside potential through fiscal 2026, with revenue projections for AI servers now estimated at $17–20 billion annually, surpassing current guidance of $15 billion or more.

Additional analyst upgrades reinforced bullish momentum. Mizuho and Bank of America also increased their price targets to $160 and $165, respectively, citing long-term growth in enterprise and sovereign AI markets. Meanwhile, Dell’s conversion of Class B shares to Class C by Silver Lake was noted as a strategic move with no immediate valuation impact. However, recent weakness in Super Micro’s results triggered sector-wide caution, indirectly affecting Dell’s stock performance.

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