TradingKey – On September 11 Eastern Time, Dell Technologies (DELL) reached an intraday record high of $567.75, gaining over 11%.

RBC Capital recently initiated coverage on Dell with an “Outperform” rating and a target price of $640. RBC believes that enterprise investment in AI, compute modernization, storage expansion, and PC refresh demand will support Dell’s performance to remain consistently above its long-term targets. Analyst David Paige stated that Dell’s end-to-end product portfolio across compute, PCs, storage, and servers, combined with its massive installed base, industry-leading supply chain capabilities, and flexible consumption models (such as subscription-based delivery), position the company to continue gaining market…