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DELL

Dell Technologies Inc

NYSE: DELL · TECHNOLOGY · COMPUTER HARDWARE

$205.66
-0.13% today

Updated 2026-04-29

Market cap
$140.50B
P/E ratio
24.87
P/S ratio
1.24x
EPS (TTM)
$8.69
Dividend yield
0.99%
52W range
$85 – $219
Volume
8.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Dell Technologies Inc (DELL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$205.66
Consensus
$169.73
-17.47%
2030 Target
$4,132.57
+1909.42%
DCF
$643.68
+80.71% MoS
16 analysts:
8 Buy2 Hold1 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 disclosed in available research. Dell's near-term momentum is driven by enterprise AI server demand and data center infrastructure expansion, with management highlighting AI as a $0-to-$25B business transition within current fiscal cycle. Company guidance focuses on AI Factory initiatives and quantum-ready security rather than specific revenue milestones.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$6,887.62
$221.8B Rev × 20x P/S
Base case (2030)
$4,132.57
$221.8B Rev × 12x P/S
Bear case (2030)
$2,755.05
$221.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2029 (E)2030 (E)
Revenue$88.4B$95.6B$113.5B$163.8B$203.1B$221.8B
Revenue growth—8.1%18.8%14.4%10.7%9.2%
EPS$7.13$6.46$10.35$15.20$20.10$22.50
P/S ratio———12.0x12.0x12.0x
Implied price———$3,051.48$3,783.83$4,132.57

Catalysts & risks

Growth catalysts
+ Enterprise AI server demand surge (350%+ YoY growth in servers segment)
+ AI Factory partnership with Nvidia for end-to-end AI solutions deployment
+ Data center infrastructure expansion driven by hyperscaler capex commitments
+ Commercial PC refresh cycle powered by Intel 18A and AMD Ryzen processors with AI acceleration
+ Quantum-ready security and cybersecurity solutions for AI era
+ Super Micro market share gains following regulatory headwinds to competitor
Key risks
- Intel/AMD chip shortages pressuring margins and shipment timelines
- Commoditization of server hardware with compressed margins despite volume growth
- Geopolitical tensions and supply chain disruptions (Iran/Middle East conflicts noted)
- Cyclical PC market exposure with slower business upgrade adoption
- Insider selling acceleration ($330M+ recent months suggests confidence concerns)
- Workforce reduction (10% cuts in FY2026) signaling operational pressures
- Competition from Super Micro, HPE, and vertically-integrated hyperscalers (Meta, Microsoft building custom silicon)

Methodology

Dell Technologies Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.