Dell Stock Rises After Trump Endorsement and Evercore Price Target Hike

TLDR

• President Trump publicly urged Americans to buy Dell computers at a White House event, sending the stock up roughly 7%
• The White House launched the Trump Accounts initiative, a tax-advantaged investment program for children, with Dell CEO Michael Dell committing $6 billion
• Trump’s own financial disclosures show he made multiple Dell stock transactions in 2025, totalling between $300,000 and $1 million
• Evercore analyst Amit Daryanani raised his DELL price target from $450 to $500, reiterating a Buy rating
• DELL is up more than 238% year-to-date, with Wall Street holding a Moderate Buy consensus and an average price target of $465.78

President Trump gave Dell Technologies (DELL) an unexpected boost on Tuesday when he publicly encouraged Americans to “buy Dell computers” at a White House event.

The stock climbed around 7% on the day, adding to gains that have already made DELL one of the standout performers of the year. At time of writing, DELL was trading up approximately 2.89%.

Dell Technologies Inc., DELL

The event was tied to the launch of the Trump Accounts initiative, a new tax-advantaged investment program aimed at eligible children. Dell CEO Michael Dell and his wife Susan committed $6 billion to support the program, while other major financial and technology firms pledged to match government contributions for employees’ children.

Trump’s own financial disclosures, released last week, revealed he conducted multiple Dell stock transactions during 2025, including both purchases and sales. Total activity across several accounts was valued at between roughly $300,000 and $1 million.

Evercore Raises Price Target to $500

Also on Wednesday, Evercore analyst Amit Daryanani raised his price target on DELL from $450 to $500, keeping a Buy rating in place. He called Dell “one of the best-positioned infrastructure vendors in the AI cycle.”

Following meetings with Dell management, Daryanani noted that demand for AI infrastructure continues to outpace supply. Management told him that if more supply could be secured, there would be room for upside to current expectations.

Dell sees the supply-demand gap widening further into 2027 compared to 2026. DRAM and NAND memory remain the biggest constraints, with CPUs, hard disk drives, and optics now emerging as additional bottlenecks.

Despite these pressures, Daryanani stayed bullish, pointing to Dell’s strong supply chain relationships as a buffer against the tightening conditions.

AI Demand and Storage Growth in Focus

The analyst flagged that AI demand looks sustainable, with spending increasingly tied to return on investment rather than pure IT budget expansion. That shift, he argued, gives the trend more staying power.

Dell also sees storage as a key driver of future margin growth. The company is replacing third-party storage with its own technology, and management described storage as “the most profitable use of its NAND allocations.”

On-premise inference is another area Dell is leaning into. Management believes running AI workloads closer to where data is created reduces costs and cuts reliance on large frontier AI models.

DELL is up more than 238% year-to-date. Wall Street currently holds a Moderate Buy consensus on the stock, based on 14 Buy ratings and seven Holds. The average price target of $465.78 implies around 11.3% upside from current levels.

Evercore’s new $500 target sits above that consensus, making Daryanani one of the more optimistic voices on the Street right now.

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