DELL Stock Surges as Top Analysts Boost Price Targets Before Q2 Earnings Drop

Wall Street's brightest minds are betting big on DELL ahead of earnings—because nothing says 'confidence' like raising targets before the numbers actually hit.

The Analyst Stampede

Multiple top-tier firms have jacked up their price projections, creating a bullish frenzy around the tech giant. They're seeing something the rest of the market might be missing—or maybe they just need to justify their fees.

Earnings Anticipation

Everyone's positioning for what could be a monster quarter. The street expects strong performance across enterprise solutions and cloud infrastructure—because apparently old-school hardware companies can still print money in 2025.

The Cynical Take

Let's be real: analysts upgrading right before earnings is like cheering for the home team after you've already seen the scoreboard. But hey—if it pumps the stock, who's complaining? Besides the shorts, obviously.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Analysts expect Dell to report earnings of $2.29 per share on revenue of $29.02 billion in the upcoming quarter, according to consensus estimates. This compares with earnings of $1.89 per share on revenue of $25 billion in the same quarter last year.

Wall Street Remains Bullish on DELL Stock

Ahead of the Q2 print, analyst Erik Woodring at Morgan Stanley lifted his price target on DELL stock from $135 to $144, keeping his Buy rating. Woodring highlighted that Dell is the top original equipment Maker (OEM) for AI computing and is winning more business while also improving its position in enterprise storage. He also pointed out that Dell’s cost-cutting efforts could boost earnings per share by over 10% a year for the next three years, above the company’s own target of at least 8% growth.

Likewise, five-star-rated analyst Amit Daryanani from Evercore ISI raised his price target from $150 to $160 with a Buy rating. Daryanani said supply chain checks suggest Dell’s AI server sales could be stronger than expected through FY26. He added that instead of the current forecast of just over $15 billion, Dell’s AI server revenue could reach between $17 billion and $20 billion for the year.

Similarly, Mizuho’s top-rated analyst Vijay Rakesh raised his price target on the stock to $160, up from $150.

Is DELL Stock a Good Buy Now?

According to TipRanks, DELL stock has received a Moderate Buy consensus rating, with 11 Buys and four Holds assigned in the last three months. The average Dell share price target is $143.67, suggesting a potential upside of 10% from the current level.