12 Cheap Technology Stocks to Invest in According to Hedge Funds

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8. Dell Technologies Inc. (NYSE:DELL)

Forward P/E Ratio: 12.27

Number of Hedge Fund Holders: 51

Dell Technologies Inc. (NYSE:DELL) is one of the top cheap technology stocks to invest in according to hedge funds.

On February 18, Wells Fargo analyst Aaron Rakers lowered the price target on Dell Technologies Inc. (NYSE:DELL) from $200 to $180, keeping its Buy rating on the stock. The $180 price target still indicates an upside of over 47%.

In another development on February 19, TheFly reported that Evercore ISI added Dell Technologies to its ‘Tactical Outperform’ list ahead of Dell’s Q4 FY2026 results scheduled to be released on February 26. Amit Daryanani from Evercore lowered the price target on DELL from $180 to $160.

Despite the price adjustment, Daryanani remains positive on Dell Technologies amid the strong near-term demand trends across traditional hardware and AI compute. The analyst also expects upside to Dell’s current revenue and earnings per share expectations of $31.4 billion and $3.52 per share.

Dell is positioned to benefit from AI infrastructure growth, with the ISG segment gaining the most momentum. The ISG segment saw a 24% growth in Q3 FY2026 and recorded a robust AI server backlog, indicating a strong outlook in the segment.

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, and sells integrated solutions, products, and services worldwide. The company operates in two segments, including Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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