How to Buy Dell Technologies Stock
Dell Technologies Inc
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide.
Dell Technologies stock last closed at $120.63, up 4.41% from the previous day, and has increased 182.64% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.46 percentage points. Dell Technologies stock is currently +190.92% from its 52-week low of $41.47, and -11.41% from its 52-week high of $136.16.
As of Apr 23, 2024, there are 713.79M shares of DELL outstanding. The market cap of DELL is $86.10B. In the past 24 hours, 5.02M DELL shares were traded.
How to Buy Dell Technologies Stock
Wondering how to invest in Dell Technologies stock? Here's how.
- Decide where to buy Dell Technologies stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Dell Technologies stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your method of payment and add your details.
- Research Dell Technologies stock: The Dell Technologies ticker symbol is DELL. Is Dell Technologies stock a good investment? Should you buy shares of DELL? How do DELL's underlying business fundamentals look? Do top analysts think Dell Technologies is a good buy? Why has DELL's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if DELL is a good stock to buy).
- Make your DELL trade: Decide if you will purchase DELL shares at the current market price or use a limit order to buy DELL stock at a particular price.
- Get updates on your DELL investment: Create a watchlist to keep track of your investment in Dell Technologies shares.
Step 1: Decide where to buy Dell Technologies stock
You need an online brokerage account to access the NYSE market and buy DELL shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy DELL today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on stock market app, you need to deposit funds:
Check out the video below if you need help depositing money into your investment account.
Step 4: Research Dell Technologies stock
Once you have identified the best place to buy Dell Technologies stock, it's crucial to evaluate their stock before you buy, so you truly comprehend the risk and opportunity.
Dell Technologies stock at a glance
Fundamentals of Dell Technologies
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on DELL's stock page.
Is DELL stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge DELL's intrinsic value.
Using relative valuations ratios:
- DELL could be undervalued based on its P/E ratio of 27.05x, relative to Computer Hardware industry P/E ratio of 38.21x
- DELL may be undervalued based on its PEG ratio of 0.89x
You can access additional valuation analysis on DELL's stock here.
DELL Financial Health Overview
Passed Financial Due Diligence Checks:
- DELL profit margin has gone up from 2.4% to 3.6% in the past year.
- DELL's operating cash flow of $8.68B allows it to safely service it's debt of $25.99B.
- There are more short-term assets than long-term liabilities on the DELL balance sheet.
Failed Financial Due Diligence Checks:
- DELL earnings of $5.23B is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the DELL balance sheet.
- DELL debt to equity ratio of -35.11 is negative.
- Total DELL debt is still negative.
Is Dell Technologies stock a Buy, Hold, or Sell, according to analysts?
Out of 11 sell side analysts who monitor DELL, the consensus analyst rating on Dell Technologies is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent DELL Analyst Recommendations
Amit Daryanani, a top 4% analyst from Evercore ISI Group maintains DELL with a buy rating and raises their DELL price target from $95.00 to $125.00, on Mar 1, 2024.
Evercore ISI Group's Amit Daryanani raised their price target on Dell Technologies (NYSE: DELL) by 31.6% from $95 to $125 on 2024/03/01. The analyst maintained their Buy rating on the stock.
Daryanani's price target hike followed an assessment of Dell Technologies' Q4 and FY 2024 earnings, reported on 2024/02/29.
The quarter came in well ahead of expectations, the analyst explained, and management's FY 2025 guidance beat the consensus by "a large margin, reflecting strong AI trends and the prospect of improved performance in servers, storage, and PCs."
Earnings Report
Dell Technologies reported:
For Q4 2024:
- EPS of $2.20, which beat the Zacks Consensus Estimate by 27.17% and, by 22%, Q4 2023’s $1.80.
- Revenue of $22.3B, which beat the Zacks Consensus Estimate by 0.84% but missed, by 11%, Q4 2023’s $25.04B.
- Gross margin of $5.47B, down 8% Y/Y.
For FY 2024:
- EPS of $7.13, down 6% Y/Y.
- Revenue of $88.4B, down 14% Y/Y.
- Gross margin of $21.44B, down 8% Y/Y.
- Operating expense of $13.77B.
Management guided:
For Q1 2025:
- EPS of $1.05 to $1.25.
- Revenue of $21B to $22B
- Gross margin rate to decline 200 bps Q/Q.
For FY 2025:
- EPS of $7.25 to $7.75.
- Revenue of $91B to $95B.
- Gross margin to decline 100bps Y/Y.
- Flat operating expense.
CEO Yvonne McGil commented: "We generated $8.7B in cash flow from operations this FY, returning $7B to shareholders since Q1 FY 2023.
"We're optimistic about FY 2025 and are increasing our annual dividend by 20% – a testament to our confidence in the business and ability to generate strong cash flow.
Vice chairman & COO Jeff Clarke added, "Our strong AI-optimized server momentum continues, with orders increasing nearly 40% Q/Q and backlog nearly doubling, exiting our FY at $2.9B.
"We've just started to touch the AI opportunities ahead of us, and we believe Dell is uniquely positioned with our broad portfolio to help customers build GenAI solutions that meet performance, cost and security requirements."
Toni Sacconaghi, a bottom 21% analyst from Bernstein maintains DELL with a buy rating and raises their DELL price target from $90.00 to $120.00, on Mar 1, 2024.
Ananda Baruah, a top 12% analyst from Loop Capital initiates coverage on DELL with a strong buy rating and announces their DELL price target of $125.00, on Feb 28, 2024.
Samik Chatterjee, a top 8% analyst from JP Morgan maintains DELL with a strong buy rating and raises their DELL price target from $90.00 to $100.00, on Feb 22, 2024.
Simon Leopold, a top 13% analyst from Raymond James maintains DELL with a buy rating and raises their DELL price target from $68.00 to $82.00, on Dec 1, 2023.
You can dig deeper into what analysts are forecasting on the Dell Technologies stock forecast page.
DELL Technical Indicators
How are DELL Revenues/Earnings doing?
Last year, DELL earnings were $3.21B. During the last five year, DELL's earnings have grown by -5.79% per year. This was slower than the Computer Hardware industry average of 20.7%.
Last year, DELL revenue was $88.43B. During the past five year, DELL's revenue has gone up by -0.49% per year. This was slower than the Computer Hardware industry average of 9.02%.
Dig into DELL's earnings and revenue performance here.
Are DELL executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at DELL have sold more shares than they have bought.
Richard J. Rothberg, General Counsel Secretary of DELL, was the latest DELL insider to sell. They sold $12,491,184.30 worth of DELL stock on Apr 8, 2024.
Get more info about who owns DELL shares here.
Can I get consistent income from DELL stock?
No, Dell Technologies doesn't provide an income stream by paying out dividends.
What do other traders have to say about DELL?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your DELL trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and your broker will place your order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your DELL investment
Now that you own some DELL shares, you'll want to keep up with your new investment.
Start a watchlist to get alerted to the latest events about your DELL stock.
DELL Feed
How to Buy Stock in Dell Technologies
To reiterate, here are the 6 steps you need to take to buy Dell Technologies stock right now:
- Decide where to buy Dell Technologies stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Dell Technologies stock
- Make your DELL trade
- Get updates on your DELL investment
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Dell Technologies, hit the button below to create your watchlist.
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