Dell Technologies (DELL) is drawing fresh attention on Wall Street as top analysts lift their price targets ahead of its upcoming Q2 earnings on August 28. Overall, analysts are upbeat due to strong demand for AI servers and enterprise solutions. Meanwhile, investors are watching closely to see if the company can deliver another quarter of solid growth.
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Analysts expect Dell to report earnings of $2.29 per share on revenue of $29.02 billion in the upcoming quarter, according to consensus estimates. This compares with earnings of $1.89 per share on revenue of $25 billion in the same quarter last year.
Wall Street Remains Bullish on DELL Stock
Ahead of the Q2 print, analyst Erik Woodring at Morgan Stanley lifted his price target on DELL stock from $135 to $144, keeping his Buy rating. Woodring highlighted that Dell is the top original equipment maker (OEM) for AI computing and is winning more business while also improving its position in enterprise storage. He also pointed out that Dell’s cost-cutting efforts could boost earnings per share by over 10% a year for the next three years, above the company’s own target of at least 8% growth.
Likewise, five-star-rated analyst Amit Daryanani from Evercore ISI raised his price target from $150 to $160 with a Buy rating. Daryanani said supply chain checks suggest Dell’s AI server sales could be stronger than expected through FY26. He added that instead of the current forecast of just over $15 billion, Dell’s AI server revenue could reach between $17 billion and $20 billion for the year.
Similarly, Mizuho’s top-rated analyst Vijay Rakesh raised his price target on the stock to $160, up from $150.
Is DELL Stock a Good Buy Now?
According to TipRanks, DELL stock has received a Moderate Buy consensus rating, with 11 Buys and four Holds assigned in the last three months. The average Dell share price target is $143.67, suggesting a potential upside of 10% from the current level.
