12 Month Stock Price Forecast

Dell Technologies Stock Forecast: Analysts Predict a Bright Future

12-Month Stock Price Forecast

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Dell is a promising 10524, with a high forecast of 13616 and a low forecast of 7432.

Reasons for the Optimistic Outlook

The positive outlook for Dell stock is attributed to several factors:

The company's strong financial performance, with consistent revenue growth and improving profitability.

The increasing demand for Dell's products and services, particularly in the areas of cloud computing, data storage, and cybersecurity.

The company's ongoing investments in artificial intelligence (AI) and machine learning, which are expected to drive future growth.

The favorable industry outlook, with a projected boom in the technology sector.

Investment Opportunity

Given the strong fundamentals and positive analyst sentiment, now is a potentially opportune time to consider investing in Dell Technologies stock. The stock has nearly doubled in value so far in 2024, but analysts believe there is still significant upside potential.

Analyst Recommendations

Of the 15 analysts surveyed, 12 have a "Buy" recommendation for Dell stock, while the remaining 3 have a "Hold" recommendation. The average 1Y price target is 14291 with a high of 27761.00 and low of 10524.00.

Disclaimer

This article provides information for informational purposes only and should not be considered investment advice. Please consult a financial professional before making any investment decisions.