Dell shares jump 11% to all-time high on RBC Outperform initiation

Tech Hardware & Electrical Equipment Written by: Angela Harmantas 11:05 Fri 11 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Dell Technologies Inc ( NASDAQ:DELL ) View Price & Profile Dell shares jump 11% to all-time high on RBC Outperform initiation Published: 11:05 11 Sep 2026 EDT Dell Technologies Inc (NASDAQ:DELL) shares hit an all-time high above $562, up 11% on Friday after RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target. RBC's initiation cited enterprise demand for AI investments, compute modernization, storage expansion and PC refresh, which the firm said should sustain results above Dell's long-term targets. Analysts pointed to Dell's end-to-end portfolio spanning compute, PCs, storage and servers, along with its installed base, supply chain and flexible consumption options, as factors positioning the company to keep gaining market share. The firm also flagged Dell's IP mix shift and AI server growth as meaningful operating margin expansion drivers for its Infrastructure Solutions Group, and said robust free cash flow generation supports shareholder-friendly capital allocation. Dell reported record fiscal second-quarter 2027 revenue of approximately $47 billion, up 58% year-over-year, with adjusted earnings per share of $7.04 that beat estimates. Management raised full-year fiscal 2027 revenue guidance by $25 billion to roughly $192 billion. The company's AI server backlog reached $95 billion, with more than $60.9 billion in new AI orders booked during the quarter. Dell said the backlog provides multi-year revenue visibility extending into fiscal year 2028. Dell is scheduled to join the S&P 100 index in September 2026. Continue reading