Dell (NASDAQ: DELL) posted its first-quarter earnings on May 28, sending the stock up more than 40% in after-hours trading as the market welcomed exceptional growth in the artificial intelligence (AI) segment and details of a new $9.7 billion deal with the U.S. government.
Specifically, Dell reported $43.8 billion in revenue, with $16.1 billion coming from AI-optimized server sales, a 757% year-over-year jump. As a result, the company guided for full-year AI revenue of up to $60 billion, up 144% from the year prior.
Some firms have already revised their Dell stock price targets. Mizuho Securities, for example, has pushed its estimates from $350 to $435, a figure that is approximately 23 times its earnings per share estimate (EPS) for fiscal 2028.
As for the near term, it remains to be seen how the stock is going to behave in the coming weeks following yesterday’s explosive rally. According to machine learning algorithms, at least, the sudden momentum is going to cool off by the end of next month.
AI predicts Dell stock price on June 30, 2026
Notably, Finbold’s AI prediction agent has calculated that the average DELL share price on Tuesday, June 30, 2026, is going to be $348.12, which implies a 21.19% decline from the current price of $441.72.
The prediction tool combined the forecasts of leading large language models (LLMs), namely Google Gemini 3 Flash, ChatGPT 5.2, and Grok 4.1, all of which were decisively bearish in their calculations.
Collectively, the AI models see Dell declining around 17–23%. ChatGPT issued the most negative projection, with a Dell price target of $338.4, while Gemini set it at $335.45. Grok offered only a slightly higher price prediction compared to ChatGPT, as it sees Dell trading at $340.5 by June 30.
What are analysts saying about Dell stock prices?
As mentioned, Wall Street is already revising its Dell share price forecasts. Alongside the already cited Mizuho Securities, Piper Sandler has also issued a bullish note, raising its price target from $167 all the way to $497, with an ‘Overweight’ rating.
Analyst James Fish stated that the quarterly results were one of the best in all of tech, and argued the rally would not be just a one-quarter phenomenon. Rather, he believes Dell has positioned itself well to benefit from AI modernizations, including major neoclouds.
All in all, long-term analyst forecasts for now remain positive, while near-term predictions issued by AI models offer a more cautious outlook for the tech company.
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