logo
welcome
TipRanks

TipRanks

Is Dell Technologies (NYSE:DELL) a Buyable Growth Stock?

TipRanks
Summary
Nutrition label

83% Informative

Dell Technologies ( DELL ) could be a worthwhile growth stock to buy now.

Dell posted $25 billion in net revenue for the quarter , up 9.1% from the prior year .

The company envisions its total addressable market expanding from $1.2 trillion in 2019 to $2.1 trillion by 2027 , driven by segments like servers and storage.

Dell 's outlook further supports my Buy rating on the stock.

Analysts have a Strong Buy consensus on Dell , based on 15 Buys and three Holds .

The average 12-month DELL price target of $ 144.59 suggests 5% upside potential.

Dell’s Infrastructure Solutions Group is thriving, likely supporting solid earnings growth for years to come.

Plus, its dividend is well-covered with room for future increases.