Dell Technologies Stock Just Hit a Record. Wall Street Is Now Asking How Much AI Is Already Priced In
UBS pulled Dell Technologies Inc down to Neutral from Buy on Monday, arguing that the stock’s run has already baked in its artificial intelligence server momentum. Still, the firm bumped its price target up to $243 from $167. Analyst David Vogt pointed out Dell’s shares have soared about 170% in the last year, well ahead of the S&P 500’s 30% move, and suggested the market might be factoring in 2027 earnings at $17 per share—a figure that’s roughly 25% above UBS’s own projection.