Dell Technologies (NYSE: DELL) has received a new 12-month Wall Street outlook after a sharp rally that pushed the stock to a record high.

At the close of trading on Friday, DELL shares were up nearly 12% at $567.

The latest Dell stock forecast follows the company’s record quarterly results and a significant increase in full-year guidance, reinforcing investor confidence in its growing role in the artificial intelligence infrastructure market.

For the quarter ended July 31, 2026, Dell reported revenue of $47 billion, up 58% year over year. Non-GAAP earnings per share surged 203% to $7.04.

The company’s Infrastructure Solutions Group generated $31.8 billion in revenue, an increase of about 89%, while AI-optimized…