Is DELL a good stock to buy? We came across a bullish thesis on Dell Technologies Inc. on r/AIPortfolios by manojs. In this article, we will summarize the bulls’ thesis on DELL. Dell Technologies Inc.’s share was trading at $157.67 as of March 20th. DELL’s trailing and forward P/E were 18.16 and 12.09 respectively according to Yahoo Finance.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. DELL is exhibiting strong near-term momentum, supported by accelerating AI infrastructure demand, solid earnings execution, and an improving PC market backdrop, positioning the stock for further upside.
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The company’s AI server business remains the primary growth engine, with backlog expanding sharply from $9 billion to $18.4 billion. Management has raised FY26 shipment expectations, aligning with a rapidly growing AI server market projected at a ~34% CAGR, reinforcing confidence in sustained revenue expansion.
Operationally, Dell delivered a strong earnings beat, reporting Q3 revenue of $27 billion (+11% YoY) and EPS of $2.59 (+17% YoY). Forward guidance remains robust, with Q4 revenue expected to grow 15–20% sequentially, driven largely by continued AI-led demand strength.
At the same time, the PC segment is stabilizing, with global shipments returning to modest growth (+2% in 2024). Dell’s positioning in next-generation AI-enabled devices, including Copilot+ PCs, provides an additional lever for recovery and incremental upside.
Technically, the stock remains constructive—trading near its 52-week highs, above key moving averages, and supported by positive momentum indicators such as MACD. This setup suggests continued strength, with a near-term upside potential of approximately 4–7%.
With easing macro conditions supporting enterprise IT spending and limited near-term input cost pressures, Dell Technologies appears well-positioned to achieve its implied move toward the $165.17 target (4.4% upside from the $158.31 prior close), with risks skewed favorably to the upside.
Previously, we covered a bullish thesis on Dell Technologies Inc. (DELL) by Magnus Ofstad in March 2025, which highlighted the company’s undervaluation amid macro-driven selloff, strong server and AI infrastructure growth, and disciplined capital allocation. DELL’s stock price has appreciated by approximately 72.39% since our coverage. manojs shares a similar view but emphasizes on accelerating AI backlog growth, strong earnings momentum, and improving PC demand.
Dell Technologies Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held DELL at the end of the fourth quarter which was 51 in the previous quarter. While we acknowledge the risk and potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
