Shares of Dell Technologies Inc. (NASDAQ:DELL) are rising Thursday after Goldman Sachs maintained its Buy rating on the stock and raised its price target.
- Dell Technologies stock is showing exceptional strength. What’s behind DELL gains?
Analysts Turn More Positive On DELL Stock
Goldman Sachs analyst Katherine Murphy maintained Dell Technologies with a Buy rating and raised the price target from $195 to $215.
The price target increase aligns with other recent analyst moves. Evercore ISI Group analyst Amit Daryanani maintained Dell with an Outperform and raised the price target from $160 to $205 at the end of March. Truist also initiated coverage on Dell last month with a price target of $170.
Dell stock carries a consensus Buy Rating with an average price target of $172.00, according to Benzinga analyst data.
With tech outperforming Thursday, Dell is getting pulled into the same “buy-the-leaders” flow that’s lifting the broader Nasdaq complex. The stock is also pressing into the top of its 52-week range, which can attract momentum-oriented positioning.
Dell is also still benefiting from deal chatter that recently pushed the stock up 6.71% in a single session, with speculation centered on Nvidia’s interest in a large PC and server manufacturer that’s been “over a year” in the making in the rumor mill. That backdrop keeps momentum traders engaged even as the stock tests the top of its range, as traders are betting on Dell as a prime beneficiary of AI-driven infrastructure spend.
Earnings Could Be Next Major Catalyst
Looking further out, the next major catalyst for the stock arrives with the May 28, 2026 (estimated) earnings report.
- EPS Estimate: $2.95 (Up from $1.55 YoY)
- Revenue Estimate: $35.41 Billion (Up from $23.38 Billion YoY)
- Valuation: P/E of 20.4x (Suggests fair valuation relative to peers)
DELL Shares Rise On Thursday
DELL Stock Price Activity: Dell Technologies shares were up 7.39% at $190.42 at the time of publication on Thursday, according to Benzinga Pro data.
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