Deutsche Bank
Report published September 2, 2026
Dell (DELL): Guidance Upgrade Drives Price Target Increase to $520
Source and citation context
- Issuer
- Deutsche Bank
- Report date
- September 2, 2026
- Analysis as of
- September 1, 2026
Authors / editors: Gianmarco Conti (Lead Analyst)
Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Single Stock ReportEquitiesInformation Technology
Deutsche Bank raised Dell's price target from $480 to $520 while reiterating a Hold rating following a major Q2/27 guidance upgrade. EPS forecasts for FY27–FY29 were lifted by ~39–40%, though concerns over ramp sustainability keep the rating neutral.
Key Takeaways
- 1.Deutsche Bank raised Dell's price target to $520 from $480 following strong Q2/27 results and substantial guidance upgrades across outer years.
- 2.EPS forecasts are raised significantly: FY27 EPS to $25.5 (up ~39%), FY28 EPS to $30.2 (up ~40%), and FY29 EPS to $35.7 (up ~40%).
- 3.The firm maintains a Hold rating due to questions regarding the sustainability of the ramp and the impact of higher-cost components on pricing, despite near-term execution velocity.
Table of Contents
- Forecast Change
- Guidance upgrade drives TP increase
- Strong quarter, new guidance brings our numbers up
- Valuation & Risks
- Key changes
- Appendix 1
- Important Disclosures
- Important Disclosures Required by U.S. Regulators
- Important Disclosures Required by Non-U.S. Regulators
- Analyst Certification
- Historical recommendations and target price: Dell (DELL.N)
- Equity rating dispersion and banking relationships
- Equity Rating and Dispersion Key
- Additional Information
Report data
Key changes — as of September 1, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Price Target | 520.00 USD | Raised from $480.00 (+8.3%) |
| Share Price | 425.00 USD | Closing price as of 1 Sep 2026 |
| FY27 EPS Estimate | 25.5 USD | Raised in line with guidance (up c. 39%) |
| FY28 EPS Estimate | 30.2 USD | Raised roughly 40% from previous numbers |
| FY29 EPS Estimate | 35.7 USD | Raised roughly 40% from previous numbers |
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Authors / Editors
Gianmarco Conti · Lead Analyst
Reported Data Context
- Price Target: 520.00 USD (12-month) · Source: Deutsche Bank
- Share Price: 425.00 USD (2026-09-01) · Source: Deutsche Bank
- FY27 EPS Estimate: 25.5 USD (FY27) · Source: Deutsche Bank
- FY28 EPS Estimate: 30.2 USD (FY28) · Source: Deutsche Bank
- FY29 EPS Estimate: 35.7 USD (FY29) · Source: Deutsche Bank
Securities
DELL
Themes
IT Hardware Guidance and EPS UpgradesRamp Sustainability & Component Pricing Dynamics
Regions
North AmericaUnited States