
Dell Technologies (DELL) Stock Forecast & Price Target
Dell Technologies (DELL) Analyst Ratings
Bulls say
Dell Technologies is well positioned because its end-to-end portfolio in AI servers, traditional servers, storage, and commercial PCs is winning share as enterprise and neocloud demand stays strong, with no slowdown in data center buildouts and a $95B AI server backlog expected to ship largely in CY27. Its fundamentals are supported by higher-margin Dell IP storage, rising system content, and strong operating leverage, with ISG margin at 15% in 2Q27 and AI server revenue reaching about $16.4B, up 100% year over year. The company’s best-in-class supply chain, deep channel and financing ecosystem, and robust free cash flow also reinforce flexibility to fund growth while returning capital and maintaining low leverage.
Bears say
Dell Technologies is facing a fundamentally weaker mix as AI server growth, while strong, carries mid-single-digit operating margins and a lower-margin customer base, which diluted product gross margin to about 13.7% in FY26, down roughly 210 bps year over year. Its near-term revenue quality is also threatened by persistent DRAM and NAND shortages through the end of calendar 2027, with component inflation and limited configurations likely to slow PC and enterprise spending while pressuring margins across servers, storage, and commercial PCs. Even with $24.4B of AI orders, $16.1B of AI revenue, and a $51.3B backlog, the stock still faces competitive pressure, possible share loss, and earnings volatility from debt-funded finance operations and higher interest-rate sensitivity.
This aggregate rating is based on analysts' research of Dell Technologies and is not a guaranteed prediction by Public.com or investment advice.
Dell Technologies (DELL) Analyst Forecast & Price Prediction
Start investing in Dell Technologies (DELL)
Order type
Buy in
Order amount
Est. shares
0 shares