Wall Street Analysts Say ‘Buy’ on Dell Technologies Stock (DELL)

Dell Technologies (DELL) continues to enjoy strong backing from Wall Street, with many analysts maintaining a ‘Buy’ rating on the stock. The bullish sentiment stems from its strength in high-performance computing and hybrid cloud solutions in the AI infrastructure space. However, some analysts remain cautious amid signs of softening demand in the broader tech hardware sector and tariff uncertainty, which could weigh on near-term performance.

In this article, we will explore Evercore’s insights on Dell and its outlook for key segments such as AI servers, storage, and PCs.

Evercore Sees Strong 2025 Ahead for DELL

Earlier this year, five-star-rated analyst Amit Daryanani from Evercore ISI reaffirmed his Buy rating on DELL stock with a price target of $145, indicating a potential 50% upside from current levels.

Daryanani finds it impressive that Dell is focusing on improving its profits in FY26, despite the challenges posed by mix headwinds., even with challenges in product mix. He highlighted that it’s noteworthy that the company is keeping operating costs steady compared to last year, even as sales grow, thanks to their use of AI tools to run the business more efficiently.

While demand for AI servers mostly came from tier-2 cloud providers, Evercore noted that Dell is also seeing rising interest from enterprise clients. The company already serves over 2,000 enterprise AI customers and expects that number to grow significantly in FY26.

Furthermore, Evercore pointed out that storage is another growth area for Dell, where the company is well-positioned to regain lost market share. And lastly, Evercore stated that Dell remains optimistic about a coming PC upgrade cycle, driven by Windows 10 reaching end-of-life in October 2025 and a large base of older PCs in use.

Insights from TipRanks’ Bulls Say, Bears Say

Investors can utilize TipRanks’ “Bulls Say, Bears Say” tool to gain valuable insights into the contrasting analysts’ views on Dell’s stock.

This feature helps highlight the optimistic outlook from bullish analysts, who see strong growth potential in areas like AI servers, while also showcasing the cautious stance of bearish analysts, who are wary of challenges like demand slowdowns and share price performance.

Is DELL Stock a Good Buy Now?

According to TipRanks, DELL stock has received a Strong Buy consensus rating, with 11 Buys and three Holds assigned in the last three months. The average Dell share price target is $128.53, suggesting a potential upside of 33.5% from the current level.

See more DELL analyst ratings