Should I Buy DELL? DELL 2026 Analysis

Should You Buy Dell Technologies Inc (DELL) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

117.440

1 Day change

0.10%

52 Week Range

168.080

Analysis Updated At

2026/01/28

Not a good buy right now for a beginner, long-term investor who wants to enter immediately. Dell’s fundamentals are improving (double-digit revenue growth and strong EPS growth in 2026/Q3), but the technical trend is still bearish (SMA_200 > SMA_20 > SMA_5), options positioning is slightly defensive (put/call ratios > 1 with very high IV), insiders have been net sellers recently, and a key bearish analyst (Morgan Stanley) has a price target below the current price. If you must act today, this is better treated as a “hold/watch for a cleaner uptrend or post-earnings clarity” rather than an aggressive buy.

Technical Analysis

Price/Trend: Despite a strong regular-session gain (+2.32%) and post-market stability (~117.6), the broader trend remains technically bearish because the moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), implying the longer-term downtrend/weak structure hasn’t fully reversed. Momentum: MACD histogram is positive (0.192) and expanding, which signals improving momentum and a potential early-stage rebound attempt. RSI(6) ~50.84 is neutral, so there’s no strong overbought/oversold edge. Levels: Pivot ~116.75 is the near-term balance point. Support S1 ~111.62 (then S2 ~108.45). Resistance R1 ~121.88 (then R2 ~125.05). A sustained move above ~121.9 would improve the technical “buy now” case; losing ~111.6 would weaken it. Pattern-based odds provided: short-term bias is slightly negative (model suggests -2.86% next week, -2.41% next month), reinforcing a non-urgent entry signal. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.

Options Data

Bearish

Open Interest Put-Call Ratio

Neutral

Option Volume Put-Call Ratio

Positioning/Sentiment: Put-call ratios above 1 (OI PCR 1.15; volume PCR 1.04) indicate slightly bearish to cautious sentiment (more puts than calls). Volatility: Implied vol (30d) ~62.19 vs historical vol ~51.1, with IV percentile ~92 (very elevated). This typically reflects heightened uncertainty/risk-premium into upcoming events (earnings on 2026-02-26 after hours) and makes directional “buy stock now” less clean from a sentiment standpoint. Activity: Today’s volume is elevated vs average (~125% of 30-day avg), suggesting active positioning rather than complacency.

Technical Summary

Sell

Buy

Positive Catalysts

AI infrastructure demand: Multiple bullish analysts cite robust hyperscaler/data center spending and AI server upside as an ongoing driver.
Strong latest quarter growth: In 2026/Q3 revenue +10.83% YoY, net income +31.74% YoY, EPS +39.02% YoY.
Institutional behavior: Hedge funds are reported as net buyers with buying amount up ~512% QoQ.
Potential upside catalyst ahead: Next earnings (2026-02-26 AH) could be a sentiment reset if margins/AI-server mix surprises positively.

Neutral/Negative Catalysts

Technical structure still bearish: Moving averages remain in a downtrend stack (SMA_200 > SMA_20 > SMA_5), so the market has not confirmed a durable uptrend.
Margin pressure: Gross margin fell to ~20.71% (down ~5.86% YoY), consistent with concerns about input costs/commodity and memory-cycle headwinds.
Insider selling: Insider selling increased ~114% over the last month (bearish signal versus buying).
Analyst caution on hardware budgets/memory exposure: Morgan Stanley remains Underweight and recently cut PT to $111 (below current ~117.6), citing slowest hardware budget growth in 15 years and “perfect storm” caution factors.
Options market is cautious: Put/call ratios > 1 and very high IV suggest investors are paying up for protection rather than expressing strong upside conviction.

Financial Performance

Latest quarter (2026/Q3): Revenue $27.005B (+10.83% YoY), Net Income $1.548B (+31.74% YoY), EPS $2.28 (+39.02% YoY). Growth is strong and accelerating at the bottom line. However, Gross Margin declined to 20.71% (-5.86% YoY), which is the key quality-of-growth concern (mix/input-cost pressure). Overall: strong growth, but margin trajectory is a notable headwind that matters for long-term compounding.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Price targets have been trimmed by some firms into 2026 outlooks (e.g., Citi cut PT to $165 from $175 but kept Buy; Morgan Stanley cut PT to $111 from $113 and maintained Underweight). Several bulls still see substantial upside (Mizuho PT $175 Outperform; UBS PT $167 Buy; BofA PT $163 Buy; JPMorgan PT $170 Overweight), while at least one major bear stays negative (Morgan Stanley Underweight) and points to weak hardware budgets and memory exposure. Wall Street pros: AI server/hyperscaler demand tailwind, earnings power outlook, and multi-year EPS growth narratives. Wall Street cons: Memory/input-cost cycle risk, margin resilience concerns, and cautious enterprise hardware budgets. Influential/politician trading: No recent congress trading data available; no specific politician/influential buying/selling of DELL was provided in the dataset.

15 Analyst Rating

Wall Street analysts forecast DELL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DELL is 164.85 USD with a low forecast of 113 USD and a high forecast of 180 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Buy

3 Hold

1 Sell

Moderate Buy

Current: 117.320

Low

113

Averages

164.85

High

180

Current: 117.320

Low

113

Averages

164.85

High

180

Morgan Stanley

Erik Woodring

Underweight

downgrade

$113 -> $111

AI Analysis

2026-01-20

Reason

Morgan Stanley

Erik Woodring

Price Target

$113 -> $111

AI Analysis

2026-01-20

downgrade

Underweight

Reason

Morgan Stanley analyst Erik Woodring lowered the firm's price target on Dell Technologies to $111 from $113 and keeps an Underweight rating on the shares. The firm's chief investment officer survey indicated the the slowest hardware budget growth in 15 years. Resellers are expecting an "elastic demand response" to input cost inflation, which warrants a more defensive IT hardware position despite secular AI tailwinds, the analyst tells investors in a research note. Morgan Stanley has turned "more defensive," saying its recent survey work "signals the perfect storm of cautionary factors emerging." The firm downgraded its sector view to Cautious from In-Line.

Citi

Asiya Merchant

Buy

downgrade

$175 -> $165

2026-01-20

Reason

Citi

Asiya Merchant

Price Target

$175 -> $165

2026-01-20

downgrade

Buy

Reason

Citi analyst Asiya Merchant lowered the firm's price target on Dell Technologies to $165 from $175 and keeps a Buy rating on the shares. The firm adjusted targets in the technology hardware group as part of its 2026 outlook. Citi believes hyperscaler data center spending "remains robust," which is driving demand for power, storage, connectors, and fiber.

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DELL Should I Buy

DELL Should I Buy

Should You Buy Dell Technologies Inc (DELL) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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