In a report released on February 28, Mike Ng from Goldman Sachs reiterated a Buy rating on Dell Technologies (DELL – Research Report), with a price target of $145.00.
Mike Ng has given his Buy rating due to a combination of factors that highlight Dell Technologies’ strong financial performance and promising future prospects. The company’s earnings per share for the fourth quarter of fiscal year 2025 exceeded expectations, driven by impressive performance in the Infrastructure Solutions Group (ISG) segment, which offset weaker results in the Client Solutions Group (CSG). The ISG segment’s robust margins and anticipated growth in AI server shipments are key contributors to the positive outlook.
Additionally, Dell’s strategic focus on high-margin products and the expected PC refresh cycle starting in fiscal year 2026 further support the Buy rating. Despite some challenges in AI server orders and shipments, the company’s substantial backlog and the shift towards more profitable product lines indicate potential for continued growth. These factors, combined with signs of market recovery in early indicators like SMB and Japan, make Dell’s stock an attractive investment opportunity.
In another report released on February 28, Citi also maintained a Buy rating on the stock with a $145.00 price target.
DELL’s price has also changed slightly for the past six months – from $111.560 to $102.760, which is a -7.89% drop .