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Dell (DELL) Research and Investment Analysis

Finvaulta tracks 25 research reports on DELL, updated through September 2, 2026. Latest: “Dell: Guidance Upgrade Drives TP Increase”.

Dell's leadership in the hardware space is underscored by its 28% revenue growth in the first quarter of 2026, significantly outpacing its primary competitors. This performance is supported by a broader recovery in the global PC market, where average selling prices rose 10% to $961, particularly within commercial and government verticals. Institutional sentiment reflects a strategic rotation toward hardware and semiconductors, as investors move away from software to capture AI-driven infrastructure momentum. Research indicates that demand for AI infrastructure remains highly durable, with customers increasingly willing to absorb supply chain costs to ensure favorable lead times. However, the outlook is tempered by macro sensitivities, including rising bond yields and potential infrastructure bottlenecks such as power and fiber deficits. As Dell prepares for its late-May earnings release, market participants are closely monitoring its ability to sustain this growth amidst a tactical environment where high institutional leverage and AI megatrends dominate the narrative.

Featured reports

Dell: Guidance Upgrade Drives TP Increase

Deutsche Bank·Sep 2, 2026

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.

AI + Chipflation: Two Tailwinds, One Trade... For Now

Morgan Stanley·Aug 10, 2026

Morgan Stanley upgrades its North America IT Hardware industry view to In-Line from Cautious, citing 'Chipflation' and AI-driven demand that are accelerating enterprise procurement rather than stalling it. The team establishes a sub-sector preference of Storage > Servers > PCs, upgrading HPE and Everpure (P) to Overweight, NetApp (NTAP) to Equal-weight, while downgrading Teradata (TDC) to Equal-weight.

AI Project Pulse May 2026

Goldman Sachs·Jun 2, 2026

The report tracks May 2026 developments in AI infrastructure, noting a trend of neocloud vertical integration via M&A and a rise in hybrid enterprise AI deployments.

TMT Specialist Sales Update: Dell and AI Competition

Goldman Sachs·May 29, 2026

Dell's massive AI server-driven earnings beat headlines a TMT update covering software sector volatility and emerging AI competitive threats for design platforms.

Dell and Lenovo AI Hardware Boom Update

Goldman Sachs (Asia) L.L.C.·May 29, 2026

Dell and Lenovo are experiencing significant stock rallies as they monetize the AI hardware boom through servers and AI-enabled PCs.

Dell and Lenovo AI Hardware Performance Update

Goldman Sachs (Asia) L.L.C.·May 29, 2026

Dell and Lenovo have seen massive stock rallies following strong evidence of AI hardware monetization in servers and PCs. Goldman Sachs remains constructive on both, citing raised guidance and an emerging AI PC replacement cycle.

AI to Drive Growth Ahead

Goldman Sachs·May 25, 2026

Goldman Sachs maintains a Buy rating on Lenovo and raises the price target to HK$27, citing strong AI server expansion and the launch of AI agents as key growth drivers.

PC Market Updated C1Q26 Industry and Market Share Data

Goldman Sachs·May 11, 2026

The PC market grew 13% yoy in 1Q26, primarily fueled by record-high Average Selling Prices of $961. Dell significantly outperformed the market with 28% revenue growth, while IDC restated historical data to better capture China's non-OEM market.

Ratings and Target Price Changes

Goldman Sachs·Sep 2, 2026

Midday Market Intelligence: Sentiment Shift?

Goldman Sachs·Sep 1, 2026

Macro Week Ahead

J.P. Morgan·Aug 31, 2026

All reports

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