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DELLDell Technologies Inc.
$479.84$318.7B
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Dell Technologies Inc. (DELL) Research Brief

Wall Street consensus, price target range, and equity research thesis

Buy45 Analyst Coverage
Consensus Target
$492+2.5% Upside
Current: $479.84
Analyst Range
Low $289High $700
12-Month High/Low Spread
Ratings Mix
26 Buy·17 Hold·2 Sell
Earnings & Valuation
EPS Beat 64.2%
Forward P/E: 48.1x

Executive Summary & Research Take

Wall Street currently rates DELL buy with a 12-month price target of $492 (+2.5% upside). The sections below cover the bull case, key risks, and latest earnings context for Dell Technologies Inc..

Recent Analyst Actions

DELL Analyst Upgrades & Price Target Changes

18 of 18 analysts raised targets. Recent price target changes and ratings for DELL.

Updated Jun 2026
FirmActionRatingPrice Target
Goldman SachsRaisedBuy$230$500
MizuhoRaisedOutperform$435$500
BernsteinRaisedOutperform$280$500
Morgan StanleyRaisedEqual-Weight$170$448
BarclaysRaisedOverweight$168$550
JP MorganRaisedOverweight$280$500
B of A SecuritiesRaisedBuy$280$500
CitigroupRaisedBuy$290$475

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Analyst Research Summary

Investment Thesis: Bull Case & Risk Factors

A structured look at the bull case, the risks, and the most recent earnings execution for DELL.

Current setup

DELL beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.

Bull Case

What keeps the long thesis intact

  • AI infrastructure growthDell is transitioning into an AI infrastructure pure-play, with $64.1B in AI server orders and strong fiscal performance driven by AI-driven server growth.
  • Revenue and EPS expansionQuarterly revenues reached $43.8 billion, with EPS growth and profits increasing by nearly 75% in FY2024, highlighting strong financial performance.
  • Margin expansion potentialBull case scenarios suggest significant upside driven by faster backlog conversion and margin expansion, with a target of $537 (+27% upside).
  • Cash-generative businessDell remains a cash-generative business, with the stock price appreciating approximately 29.55% since initial coverage, validating the investment thesis.
  • Record Q4 revenueQ4 FY2026 revenue hit a record $33.4B, up 39%, demonstrating strong operational execution and growth momentum.

Wall Street rates DELL buy, giving the bull case institutional backing from 45 analysts.

Watch Out For

What can break the setup quickly

No AI-generated risk factors available for DELL yet.

Watch whether new negative commentary on DELL points to these structural risks or is simply reacting to short-term price moves.

DELL Earnings Reaction — What the Last Quarter Showed

Last Quarter

EPS
$4.86 vs $2.96 est.Beat 64.2%
Revenue
$43.8B vs $35.7B est.Beat 22.7%
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DELL — Frequently Asked Questions

Quick answers to the most common questions about buying DELL stock.

What is the analyst consensus on DELL?
Verdict

DELL appears fairly valued near today's $479.84 — the consensus rating is "Buy" with a $492 target (+2.5%). This is informational only — verify the data and consider your own risk tolerance before deciding.

What are recent analyst rating changes for DELL?
Timing

Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +2.5% upside to the $492 target. In the past 30 days, 18 of 18 covering analysts raised their price targets — a bullish signal.

What is the price target for DELL stock?
Price Target

DELL's consensus 12-month price target is $492, set by 45 Wall Street analysts. The bull case high is $700 and the bear case low is $289. From the current price of $479.84, this implies +2.5% upside.

Is DELL overvalued or undervalued?
Valuation

DELL appears fairly valued — the $492 consensus target is roughly in line with today's $479.84 (+2.5%). It trades at a forward P/E of 48.1x. Targets range from $289 (bear) to $700 (bull), reflecting different assumptions about growth and margins.

What were DELL's latest earnings results?
Earnings

DELL reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $492 target. Consider position sizing rather than going all-in pre-print.

What is the bull case for DELL?
Coverage

Of 45 analysts covering Dell Technologies Inc. (DELL): 0 Strong Buy, 26 Buy, 17 Hold, 2 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $492 (range $289–$700). Bullish analysts outnumber bearish by more than 2-to-1.

What are the risks of investing in DELL?
Risks

2 of the 45 analysts covering DELL rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Dell Technologies Inc..

Financial Data & Software Notice: VCP Scanner is an educational financial research database and stock screening software platform. VCP Scanner does not generate, recommend, or package trade decisions, buy/sell signals, or personalized investment advice. Consensus ratings and price targets reflect aggregated third-party Wall Street analyst research from public SEC filings. See our Terms of Service and Privacy Policy.