Dell (DELL) has emerged as one of the top-performing stocks in the S&P 500 ($SPX) in 2026, with shares surging more than 225% year-to-date (YTD). The rally in DELL stock reflects booming demand for the company’s artificial intelligence (AI) servers as enterprises and hyperscalers accelerate investments in AI infrastructure.
Despite the stock's remarkable run, at least one analyst believes DELL could hit $700 per share, the Street’s highest price target, implying about 69% upside from current levels.