Dell Technologies (DELL) is turning heads on Wall Street in 2025 as the company sharpens its focus on AI-driven infrastructure and enterprise solutions. With growing demand for data center hardware and strong momentum in server sales, analysts are taking a fresh look at Dell’s long-term growth potential.
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Dell, once primarily known for its laptops, is now making significant strides in cloud computing and data center infrastructure. As tech spending rebounds and AI adoption increases, Dell’s position in high-performance computing and hybrid cloud makes it a key player to watch this year. Overall, DELL stock is rated Strong Buy by analysts. However, several analysts have trimmed their price targets amid tariff uncertainty and an expected slowdown in demand.
Year-to-date, DELL stock has plunged by 18%, reflecting the broader market sell-off.
Bank of America Stays Bullish on Dell Stock
In March, five-star-rated analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on DELL stock, keeping the price target at $150. Mohan cited Dell’s strong AI presence and key partnerships for his bullish call. He said Dell was highlighted at Nvidia’s (NVDA) GTC 2025 event for offering complete AI solutions, from AI PCs to full racks using Nvidia GPUs.
With over 2,200 AI Factory deployments and 100 new solutions launched, Dell’s growing influence in the AI space stands out.
Citi Maintains Buy but Cuts Price Target
Last month, Citi’s five-star-rated analyst Asiya Merchant reiterated her Buy rating on DELL stock while lowering her price target from $145 to $105. While the firm sees a potential boost for U.S. tech stocks following new tariff exemptions, it trimmed its data center and PC spending forecasts due to weak demand. It expects the consumer segment to be hardest hit by inflation and slowing demand.
Along with Citi, analysts at Morgan Stanley, J.P. Morgan, Loop Capital and more have trimmed their price targets on DELL stock, citing macro concerns.
Is DELL Stock a Good Buy Now?
According to TipRanks, DELL stock has received a Strong Buy consensus rating, with 11 Buys and three Holds assigned in the last three months. The average Dell share price target is $128.53, suggesting a potential upside of 36.21% from the current level.
