Argus Research Doubles Dell Stock Price Target After AI-Driven Q1 Earnings Beat
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@WealthUpTweets
3d ago· 8 min readenNews
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Summary
Argus Research significantly raised its price target on Dell Technologies (DELL) stock after the company reported blowout Q1 fiscal 2027 results. Dell posted record revenues of $43.8 billion (up 88% YoY), record adjusted EPS of $4.86 (up 214% YoY), and record cash flow from operations of $4.1 billion, driven by surging AI demand that more than tripled the company's bottom line.
Key quotes
· 3 pulledDell reported record revenues of $43.8 billion for the first quarter of fiscal year 2027, up 88% year-over-year.
The company also delivered record adjusted earnings per share (EPS) of $4.86 (+214% YoY) and record cash flow from operations of $4.1 billion.
artificial intelligence (AI) demand more than triple its Q1 bottom line.
Argus Research more than doubled its price target on Dell Technologies (DELL) stock after AI powered a Street-beating Q1 earnings report.
