Dell Technologies (DELL) Stock Forecast & Price Target

$118.55

-1.67 (-1.39%)

(As of 09/30/2024 ET)

Dell Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
3

Buy
14

Based on 17 Wall Street analysts who have issued ratings for Dell Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 3 have given a hold rating, and 14 have given a buy rating for DELL.

Consensus Price Target

$143.50
21.05% Upside

According to the 17 analysts' twelve-month price targets for Dell Technologies, the average price target is $143.50. The highest price target for DELL is $185.00, while the lowest price target for DELL is $106.00. The average price target represents a forecasted upside of 21.05% from the current price of $118.55.

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DELL Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.50	$132.88	$135.81	$67.25
Forecasted Upside	21.05% Upside	15.00% Upside	-4.81% Downside	-0.66% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DELL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DELL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Dell Technologies Stock vs. The Competition

Type	Dell Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.82	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	21.05% Upside	1,695.68% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent DELL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/27/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Initiated Coverage	Buy	$144.00	+13.90%
9/17/2024	Mizuho 2 of 5 stars	V. Rakesh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$135.00	+16.91%
9/10/2024	Susquehanna 2 of 5 stars	M. Hosseini Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$120.00	+13.30%
8/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$155.00 ➝ $160.00	+38.85%
8/30/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$155.00 ➝ $140.00	+22.47%
8/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$166.00 ➝ $160.00	+40.77%
Get the Latest News and Ratings for DELL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Dell Technologies and its competitors with MarketBeat's FREE daily newsletter.
8/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Long Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$97.00 ➝ $106.00	-6.74%
8/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$164.00 ➝ $158.00	+38.94%
8/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$150.00 ➝ $140.00	+23.11%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $155.00	+39.97%
8/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$155.00 ➝ $128.00	+15.59%
8/30/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
8/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$142.00 ➝ $136.00	+21.91%
8/28/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$140.00 ➝ $140.00	+27.04%
8/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$155.00 ➝ $160.00	+55.35%
5/28/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $185.00	+9.96%
3/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$87.00 ➝ $129.00	+2.65%
9/18/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$50.00 ➝ $80.00	+15.69%
9/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$62.00 ➝ $74.00	+31.58%
3/14/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
10/31/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$39.00	-0.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:18 AM ET.

Should I Buy Dell Technologies Stock? DELL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Dell Technologies pros and cons to contact@marketbeat.com.

Dell Technologies
Bull Case

Here are some ways that investors could benefit from investing in Dell Technologies Inc.:

Dell Technologies Inc. has shown consistent growth in EPS, with sell-side analysts expecting a 6.9 EPS for the current year. This indicates a positive financial performance trend, which can attract investors looking for stable returns.
Institutional investors have been increasing their holdings in Dell Technologies Inc., with notable firms like GPS Wealth Strategies Group LLC and Massmutual Trust Co. FSB ADV boosting their stakes. This vote of confidence from institutional investors can signal a strong outlook for the company.
Several analysts have upgraded their ratings on Dell Technologies Inc., with some setting high price targets. This positive sentiment from analysts can boost investor confidence in the company's future prospects.
Recent insider activity, including significant share sales by corporate insiders, may indicate that insiders believe in the company's growth potential. This can be seen as a positive sign for investors.
Dell Technologies Inc. continues to expand its product offerings and services globally, positioning itself as a comprehensive technology solutions provider. This diversification can help mitigate risks and attract a broader customer base.

Dell Technologies
Bear Case

Investors should be bearish about investing in Dell Technologies Inc. for these reasons:

Recent insider selling activity, with corporate insiders offloading a significant number of shares, may raise concerns about the company's future performance or internal outlook. Investors should carefully monitor insider transactions for potential red flags.
While analysts have issued mostly positive ratings on Dell Technologies Inc., there are still some hold ratings, indicating a level of uncertainty or caution among analysts. This mixed sentiment could lead to market volatility and uncertainty for investors.
Market conditions and industry competition can impact Dell Technologies Inc.'s performance and market position. Investors should stay informed about industry trends and competitive dynamics to assess the company's ability to maintain its competitive edge.
Fluctuations in the stock price of Dell Technologies Inc. can introduce volatility and risk for investors. Market conditions, macroeconomic factors, and company-specific developments can all influence the stock price, requiring investors to closely monitor market trends.
While Dell Technologies Inc. has a diverse product and service portfolio, changes in technology trends and customer preferences could affect the company's revenue streams. Investors should consider the company's ability to adapt to evolving market demands.

DELL Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Dell Technologies is $143.50, with a high forecast of $185.00 and a low forecast of $106.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dell Technologies in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DELL shares.
: According to analysts, Dell Technologies's stock has a predicted upside of 21.05% based on their 12-month stock forecasts.
: Over the previous 90 days, Dell Technologies's stock had 2 upgrades by analysts.
: Dell Technologies has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Fox Advisors, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Raymond James, Sanford C. Bernstein, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Dell Technologies more than other "computer and technology" companies. The consensus rating score for Dell Technologies is 2.82 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how DELL compares to other companies.

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This page (NYSE:DELL) was last updated on 10/1/2024 by MarketBeat.com Staff

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