Sharp Memory Price Jumps Will Hit Dell’s PC and Server Markets More Severely in the Coming Months, Says Bank

UBS raised its price target on Dell to $440 from $243 and increased fiscal 2027-2028 earnings estimates after strong quarterly results.

The bank warned that tight DRAM and NAND supply is driving sharp memory price increases.

Rising memory costs are likely to squeeze Dell’s PC, server, and storage margins over the next several quarters.

Dell’s booming AI server business may help, but margin pressure could intensify in late 2026 and early 2027.