12 Best Data Storage Stocks to Buy Right Now

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7. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 51

Market Capitalization: $77.39 billion

On February 17, Citi lowered its price target on Dell Technologies Inc. (NYSE:DELL) to $160 from $165 while maintaining a Buy rating, reflecting broader hardware sector multiple adjustments amid mixed end-demand commentary ahead of fourth-quarter earnings.

During its fiscal 2026 third-quarter earnings call, Dell Technologies Inc. (NYSE:DELL) provided constructive forward guidance. For the fourth quarter, revenue is projected between $31 billion and $32 billion, with Infrastructure Solutions Group and Client Solutions Group revenue expected to grow approximately 34% at the midpoint. The company highlighted robust AI server demand, forecasting $9.4 billion in fourth-quarter AI server shipments and approximately $25 billion for the full fiscal year, representing 150% year-over-year growth. Operating income is expected to increase 21% sequentially, driven by AI momentum and storage strength. Full fiscal 2026 guidance calls for revenue of $111.7 billion, up 17%, and non-GAAP EPS of $9.92, up 22% at the midpoint. Management also expressed strong confidence in fiscal 2027, supported by a growing AI backlog and expanding customer base. Sustained AI-driven growth and operating leverage position Dell to deliver continued earnings expansion.

Dell Technologies Inc. (NYSE:DELL), founded in 1984 and headquartered in Round Rock, Texas, develops and markets personal computers, servers, storage solutions, networking equipment, and related services for enterprise and consumer customers worldwide.

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