Dell Technologies (DELL) is gearing up to release its first-quarter earnings on May 29, drawing attention from investors and analysts. Amid ongoing shifts in the tech sector, Dell stock has shown strong resilience, supported by its strategic focus on AI-driven infrastructure and enterprise solutions. Reflecting this strength, Wall Street analysts have given a Strong Buy rating for DELL stock ahead of its Q1 earnings.
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Overall, Wall Street analysts expect Dell to report an EPS (earnings per share) of $1.71 for Q1 FY26, according to the TipRanks Analyst Forecasts Page. Notably, the company reported earnings of $1.27 in the same quarter a year ago. Meanwhile, Dell’s sales forecast for Q1 is $23.18 billion, marking a 4% year-over-year growth.
Analysts Lift DELL Price Targets
Last week, Evercore’s five-star-rated analyst Amit Daryanani raised his price target from $120 to $140 while maintaining his Buy rating on DELL stock.
Daryanani pointed out Dell’s launch of new PowerEdge servers and AI-powered PCs equipped with cutting-edge technology from Nvidia (NVDA) and AMD (AMD). These systems are designed to integrate seamlessly with the existing enterprise data infrastructures, making upgrades more efficient for businesses. He believes these strategic moves position Dell well to capitalize on the accelerating adoption of AI across industries, supporting his Buy rating on the stock.
Similarly, Morgan Stanley raised its price target on Dell from $80 to $126. Analyst Erik Woodring expects the company to slightly exceed expectations for the April quarter while maintaining steady full-year guidance. He remains upbeat about Dell’s AI server business, forecasting approximately $2.3 billion in revenue for the quarter. However, Woodring cautions that growth momentum into the July quarter may depend on how well Dell manages ongoing supply chain constraints.
Meanwhile, Mizuho Securities’ five-star-rated analyst Vijay Rakesh raised the price target from $140 to $145. He sees Dell gaining further market share as AI infrastructure demand grows and also expects an upside from a wave of corporate and AI PC upgrades anticipated in the second half of 2025.
Is DELL Stock a Good Buy Now?
According to TipRanks, DELL stock has received a Strong Buy consensus rating, with 12 Buys and three Holds assigned in the last three months. The average Dell share price target is $133.56, suggesting a potential upside of 19% from the current level.
