Dell Price Prediction: Double-Digit Gains Still Possible

Our Dell Technologies (NYSE:DELL) telephone is constructive heading into FY27. Dell trades astatine $205.93 arsenic of April 29, 2026, and our 24/7 Wall St. terms people for Dell is $235.63, implying 14.42% upside implicit the adjacent 12 months.

We complaint the banal a bargain with 90% exemplary confidence. The setup is straightforward: a $43 cardinal AI server backlog, a credible FY27 gross guide, and assertive superior return.

24/7 Wall St. Price Target Summary

From $85 to $205: How Dell Got Here

Dell has appreciated 121.37% implicit the past twelvemonth and 64.85% twelvemonth to date, recovering from a debased of $85.46 to commercialized 16% beneath its 52-week precocious of $221.50. Shares pulled backmost 3.03% implicit the past week aft a 20.21% monthly run.

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Q4 FY26, reported February 26, 2026, acceptable the tone. Revenue of $33.379 cardinal grew 40.21% YoY, beating expectations by 5.34%, and non-GAAP EPS of $3.89 came successful 10.83% up of consensus. AI-optimized server gross surged 342% YoY to $8.952 billion. Recent catalysts see Citi raising its people to $235 from $180 and a $1.44 cardinal AI infrastructure woody with Boost Run.

Why Bulls See a Breakout to $245+

The bull lawsuit for Dell is structural. FY27 guidance calls for gross of $138B to $142B (+23% YoY) with AI-optimized server gross astir doubling to $50 cardinal and non-GAAP EPS of $12.90 astatine the midpoint. Q1 FY27 unsocial is guided to 51% gross maturation and 87% EPS growth. Capital instrumentality is robust, with a 20% dividend hike and a $10 cardinal buyback authorization increase.

External tailwinds enactment the case: Gartner sees information halfway systems spending increasing 55.8% successful 2026, and Dell is collecting stock arsenic Super Micro stumbled connected a $1.1 to $1.4 cardinal Oracle declaration loss. Our bull lawsuit script projects $245.93, a 19.42% full return.