NASDAQ:HCTI 26 February 2026

June 30, 2026, 2:16 PM EDT. Dell Technologies (NYSE:DELL) stock could rally more than 20%, with 24/7 Wall St. putting a price target at $503, about 23% above the latest trade. That view follows a massive 757% jump in AI server revenue to $16 billion, which underpins a $43 billion AI backlog. Management raised fiscal 2027 revenue guidance on the back of those numbers. Gross margins dropped from 21% to 18% as more low-margin AI servers shipped, and supply chain issues tied to NVIDIA are a risk. Still, gross profit climbed 58% and operating income more than doubled. Dell shares are up 228% for the year and close to 52-week highs, driven by solid earnings and positive analyst calls. Margin compression remains a key worry for bears, but bulls say AI demand is driving the story.