Citi analyst Asiya Merchant maintained a Buy rating on Dell Technologies yesterday and set a price target of $175.00.
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Asiya Merchant has given her Buy rating due to a combination of factors that highlight Dell Technologies’ promising financial outlook. The company has revised its long-term revenue growth expectations to 7-9% annually, which is a significant increase from the previous target and aligns with market expectations. Additionally, Dell is projecting a robust growth in non-GAAP diluted earnings per share, aiming for a 15% increase or more, which surpasses the earlier target and street expectations.
Furthermore, Dell has committed to enhancing shareholder value by increasing its quarterly dividend by at least 10% annually through 2030. The company also plans to return over 80% of its adjusted free cash flow to shareholders, maintaining a strong shareholder returns framework. These financial strategies, along with the reaffirmation of its fiscal 2026 guidance, underpin the positive outlook and justify the Buy rating assigned by Asiya Merchant.
In another report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $170.00 price target.
Based on the recent corporate insider activity of 166 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DELL in relation to earlier this year.