Dell (DELL) Valuation Check After Recent Pullback and Multi‑Year Share Price Run

Short term stock performance and recent moves

Dell Technologies (DELL) has cooled off a bit after its strong multi year run, with the stock down around 6% over the past week and slightly lower over the past month.

See our latest analysis for Dell Technologies.

Zooming out, that recent pullback comes after a strong stretch, with Dell’s share price still showing a double digit year to date return and an even more notable multi year total shareholder return that reflects steadily improving growth expectations.

If Dell’s move has you rethinking your tech exposure, this is a good moment to scan other potential winners through high growth tech and AI stocks and see what else fits your strategy.

With Dell still posting solid growth while trading below analyst targets and many intrinsic value estimates, investors now face a key question: is this a fresh entry point, or is the market already pricing in the next leg of growth?

Most Popular Narrative Narrative: 20.4% Undervalued

With the most followed narrative placing Dell Technologies fair value well above the recent 129.98 close, the gap hinges on ambitious, quantified growth assumptions.

Dell is experiencing accelerating demand for AI servers and data center solutions as enterprises globally increase investments in AI/ML workloads and digital transformation, shown by record order backlogs and a growing pipeline supporting stronger future revenue growth.

Read the complete narrative.

Want to see what powers that confidence? The narrative leans on rising margins, compounding revenue and shrinking share count. Curious how those pieces reshape Dell’s earnings base?

Result: Fair Value of $163.30 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, hardware commoditization and rising memory costs could squeeze margins, and weaker non AI demand may limit how much upside this AI narrative can deliver.

Find out about the key risks to this Dell Technologies narrative.

Build Your Own Dell Technologies Narrative

If that perspective does not quite resonate or you prefer digging into the numbers yourself, you can quickly build a personalized Dell view in minutes: Do it your way.

A great starting point for your Dell Technologies research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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