Analyst revamps Dell stock price target before key meeting

Core Insights - Dell's stock has increased by 59% over the past six months, indicating strong performance in the AI infrastructure sector, although it remains less visible compared to other AI companies [1] - The company reported a 32% year-over-year increase in net income for Q2, reaching $1.16 billion, highlighting its effective execution and value in deploying large-scale data center solutions [2][5] - Dell launched the PowerEdge XR8720t, a single-server solution aimed at reducing costs and complexities in Cloud RAN and edge computing deployments [3][4] Financial Performance - Dell achieved record revenue of $29.8 billion, a 19% increase year-over-year [5] - Diluted earnings per share (EPS) rose to $1.70, reflecting a 38% year-over-year growth [5] - The company expects Q3 revenue to be between $26.5 billion and $27.5 billion, with diluted EPS projected at $2.07, a 26% increase year-over-year [5] Analyst Insights - Bank of America raised its price target for Dell stock from $167 to $170, maintaining a buy rating based on an estimated EPS of $11.15 for calendar year 2026 [6] - Analysts are looking for clarity on AI server revenue trajectories and the overall addressable market during Dell's upcoming securities analyst meeting [7]