68/100BDell Technologies stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Dell Technologies is 564.65, 71.8% above the current price of 328.58. Their targets range from 289.00 to 735.00.
Of the 20 firms that rated Dell Technologies in the past 12 months, 14 rate it buy or strong buy, 6 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 289.00 to 735.00, with an average of 564.65.
| Buy | 14 | |
| Hold | 6 | |
| Sell | 0 |
12-month price target
| Highest target | 735.00 |
| Average target | 564.65 |
| Lowest target | 289.00 |
| Current price | 328.58 |
Dell Technologies price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Dell Technologies price target and rating?
How analysts rate Dell Technologies, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
14 of 20 firms rate it buy now, against 12 of 14 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Dell Technologies analyst upgrades, downgrades and price targets
The latest rating change came on 14 October 2026, when Barclays downgraded Dell Technologies from Overweight to Equal Weight. Its price target is 574.00, from 603.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 14 Oct 2026 | Barclays | Downgraded · Overweight → Equal Weight | 603.00 → 574.00 | -4.8% | 572.63 |
| 6 Oct 2026 | Mizuho Securities Vijay Rakesh | Reiterated · Outperform | 600.00 → 650.00 | +8.3% | 552.06 |
| 21 Sept 2026 | Morgan Stanley | Reiterated · Equal Weight | 499.00 → 511.00 | +2.4% | 570.04 |
| 10 Sept 2026 | RBC Capital David Paige | — | 640.00 | — | 506.68 |
| 9 Sept 2026 | Evercore ISI | Reiterated · Outperform | 575.00 → 650.00 | +13.0% | 533.27 |
| 3 Sept 2026 | Deutsche Bank Gianmarco Conti | — | 480.00 → 520.00 | +8.3% | 506.36 |
| 2 Sept 2026 | US Capital Advisors | — | 625.00 | — | 492.00 |
| 2 Sept 2026 | Evercore ISI | Reiterated · Outperform | 550.00 → 575.00 | +4.5% | 450.50 |
| 2 Sept 2026 | Bernstein | Reiterated · Outperform | 500.00 → 650.00 | +30.0% | 424.68 |
| 2 Sept 2026 | UBS | Reiterated · Neutral | 575.00 → 500.00 | -13.0% | 424.68 |
| 2 Sept 2026 | Goldman Sachs Katherine Murphy | Reiterated · Buy | 505.00 → 570.00 | +12.9% | 424.68 |
| 2 Sept 2026 | Truist Financial | Reiterated · Hold | 360.00 → 505.00 | +40.3% | 424.68 |
| 2 Sept 2026 | Morgan Stanley Erik Woodring | Reiterated · Equal Weight | 434.00 → 499.00 | +15.0% | 424.68 |
| 2 Sept 2026 | Barclays | Reiterated · Overweight | 550.00 → 603.00 | +9.6% | 424.68 |
| 2 Sept 2026 | Raymond James Simon Leopold | Reiterated · Outperform | 161.00 → 617.00 | +283.2% | 424.68 |
| 2 Sept 2026 | Mizuho Securities Vijay Rakesh | Reiterated · Outperform | 500.00 → 600.00 | +20.0% | 424.68 |
| 2 Sept 2026 | Melius Research Ben Reitzes | Reiterated · Buy | 565.00 → 735.00 | +30.1% | 424.68 |
| 2 Sept 2026 | Piper Sandler James Fish | Reiterated · Overweight | 497.00 → 558.00 | +12.3% | 424.68 |
| 2 Sept 2026 | UBS | — | 455.00 → 575.00 | +26.4% | 424.68 |
| 1 Sept 2026 | Deutsche Bank | Downgraded · Buy → Hold | — | — | — |
| 31 Aug 2026 | Deutsche Bank | — | 480.00 | — | 457.39 |
| 31 Aug 2026 | Goldman Sachs | — | 500.00 → 505.00 | +1.0% | 455.85 |
| 26 Aug 2026 | UBS David Vogt | Reiterated · Neutral | 700.00 → 455.00 | -35.0% | 451.02 |
| 24 Aug 2026 | Morgan Stanley Erik Woodring | Reiterated · Equal Weight | 430.00 → 434.00 | +0.9% | 425.14 |
| 19 Aug 2026 | Evercore ISI | Reiterated · Outperform | 500.00 → 550.00 | +10.0% | 468.61 |
| 14 Aug 2026 | Wells Fargo | Reiterated · Overweight | 270.00 → 545.00 | +101.9% | 494.46 |
| 10 Aug 2026 | Morgan Stanley | — | 448.00 → 430.00 | -4.0% | 453.78 |
| 8 Jul 2026 | Evercore ISI | Reiterated · Outperform | 205.00 → 500.00 | +143.9% | 416.98 |
| 1 Jun 2026 | Truist Financial Matthew Niknam | — | 360.00 | — | 458.52 |
| 1 Jun 2026 | Goldman Sachs | Reiterated · Buy | 215.00 → 500.00 | +132.6% | 421.30 |
| 1 Jun 2026 | Mizuho Securities | Reiterated · Outperform | 350.00 → 500.00 | +42.9% | 421.30 |
| 1 Jun 2026 | Morgan Stanley Erik Woodring | Upgraded · Underweight → Equal Weight | 170.00 → 448.00 | +163.5% | 421.30 |
| 1 Jun 2026 | Bernstein Mark Newman | Reiterated · Outperform | 280.00 → 500.00 | +78.6% | 421.30 |
| 29 May 2026 | Argus Research Jim Kelleher | Reiterated · Buy | 200.00 → 460.00 | +130.0% | 408.38 |
| 29 May 2026 | Susquehanna | Upgraded · Neutral → Positive | 125.00 → 289.00 | +131.2% | 408.84 |
| 29 May 2026 | UBS | — | 440.00 → 700.00 | +59.1% | 408.84 |
| 29 May 2026 | Barclays Tim Long | Reiterated · Overweight | 148.00 → 550.00 | +271.6% | 318.01 |
| 29 May 2026 | UBS David Vogt | — | 243.00 → 440.00 | +81.1% | 318.01 |
| 29 May 2026 | Melius Research Ben Reitzes | — | 565.00 | — | 318.01 |
| 29 May 2026 | Piper Sandler James Fish | Reiterated · Overweight | 172.00 → 497.00 | +189.0% | 318.01 |
| 28 May 2026 | Mizuho Securities | Reiterated · Outperform | 300.00 → 350.00 | +16.7% | 305.02 |
| 22 May 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 180.00 → 270.00 | +50.0% | 252.86 |
| 21 May 2026 | Morgan Stanley Erik Woodring | Reiterated · Underweight | 101.00 → 170.00 | +68.3% | 242.97 |
| 20 May 2026 | Bernstein Mark Newman | — | 180.00 → 280.00 | +55.6% | 235.38 |
| 12 May 2026 | Mizuho Securities | Reiterated · Outperform | 260.00 → 300.00 | +15.4% | 246.90 |
| 11 May 2026 | UBS | Downgraded · Buy → Neutral | — | — | — |
| 10 May 2026 | UBS | — | 167.00 → 243.00 | +45.5% | 260.31 |
| 6 May 2026 | Mizuho Securities | Reiterated · Outperform | 175.00 → 260.00 | +48.6% | 216.39 |
| 16 Apr 2026 | Goldman Sachs | Reiterated · Buy | 165.00 → 215.00 | +30.3% | 177.33 |
| 26 Mar 2026 | Evercore ISI | Reiterated · Outperform | 160.00 → 205.00 | +28.1% | 175.82 |
Dell Technologies EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Dell Technologies's EPS to grow 59.9% a year until 2029, faster than over the last 5 years (15.5% a year) and the last 3 years (38.9%).
Analysts expect Dell Technologies's revenue to grow 32.7% a year until 2029, faster than over the last 5 years (5.5% a year) and the last 3 years (3.5%).
Revenue
EPS
Does Dell Technologies beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 17.6% off the result, either way, and their revenue estimate 4.2%, over the last 12 quarters.
- EPS beats
- 31 / 36
- Revenue beats
- 25 / 36
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +16.2%
- Since
- June 2017
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 1 Sept 2026 | 4.91 | 7.04 | +43.4% | 44.89B | 46.97B | +4.6% |
| Q1 FY2027 | 28 May 2026 | 2.96 | 4.86 | +64.2% | 35.74B | 43.84B | +22.7% |
| Q4 FY2026 | 26 Feb 2026 | 3.53 | 3.89 | +10.2% | 31.67B | 33.38B | +5.4% |
| Q3 FY2026 | 25 Nov 2025 | 2.47 | 2.59 | +4.9% | 27.15B | 27.01B | -0.6% |
| Q2 FY2026 | 28 Aug 2025 | 2.29 | 2.32 | +1.3% | 29.02B | 29.78B | +2.6% |
| Q1 FY2026 | 29 May 2025 | 1.70 | 1.55 | -8.8% | 23.18B | 23.38B | +0.9% |
| Q4 FY2025 | 27 Feb 2025 | 2.52 | 2.68 | +6.3% | 24.57B | 23.93B | -2.6% |
| Q3 FY2025 | 26 Nov 2024 | 2.04 | 2.15 | +5.4% | 24.67B | 24.37B | -1.2% |
| Q2 FY2025 | 29 Aug 2024 | 1.70 | 1.89 | +11.2% | 24.14B | 25.03B | +3.7% |
| Q1 FY2025 | 30 May 2024 | 1.26 | 1.27 | +0.8% | 21.66B | 22.24B | +2.7% |
| Q4 FY2024 | 29 Feb 2024 | 1.73 | 2.20 | +27.2% | 22.17B | 22.32B | +0.7% |
| Q3 FY2024 | 30 Nov 2023 | 1.47 | 1.88 | +27.9% | 23.02B | 22.25B | -3.3% |
Dell Technologies stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Dell Technologies's earnings grow at the 50.8% a year analysts expect to FY2029, then 15.0% a year, it would earn about 46.90 a share in FY2031. At the P/E it has traded at over the last five years (7.7 to 18.8) that is 361.32 to 881.09 a share, or 673.70 at its average P/E of 14.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 25.92 | 199.72 | 372.39 | 487.02 |
| FY2028 | 31.03 | 239.04 | 445.71 | 582.91 |
| FY2029 | 35.46 | 273.21 | 509.42 | 666.23 |
| FY2030 (extrapolated) | 40.78 | 314.19 | 585.83 | 766.17 |
| FY2031 (extrapolated) | 46.90 | 361.32 | 673.70 | 881.09 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (7.7, 14.4, 18.8).
Is Dell Technologies stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Dell Technologies's P/E of 18.8 is around the middle of its 5-year range (4.7 to 52.4, median 19.3). It is in line with its own history. Buyers pay less for each point of growth than usual: a PEG of 0.3 on expected growth against 1.2 on its median P/E and past five years' growth. Fair value is not a reliable guide for Dell Technologies: analysts expect EPS growth of 59.9% a year against 27.2% before, so its past P/E no longer describes it. Its forward P/E, on the consensus for FY2027, is 12.7.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 18.79
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 19.32
- Five-year P/E range
- 4.7 – 52.4
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 12.67
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.37
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +71.8%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 195.01146Price 99.09244 | +96.8% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.38270Price 186.68450 | +93.0% | |
| 213.670 | 405.61304Price 213.67507 | +89.8% | |
| 161.160 | 305.48157Price 161.16396 | +89.6% | |
| 160.650 | 299.97225Price 160.65375 | +86.7% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.