Dell Technologies PT Cut To $160 After Dual Analyst Downgrades Despite 24% ISG Growth
On February 18, Wells Fargo cut Dell Technologies’ price target from $200 to $180 and Evercore ISI lowered its target further to $160. Dell’s ISG segment grew 24% in Q3 FY2026 and AI server backlog underpins revenue and EPS estimates of $31.4 billion and $3.52.
1. Analyst Price Target Adjustments
On February 18 Wells Fargo lowered Dell Technologies’ price target from $200 to $180, retaining a Buy rating for a projected 47% upside. A day later, Evercore ISI added the company to its Tactical Outperform list but cut its target from $180 to $160.
2. Growth in AI Infrastructure
Dell’s Infrastructure Solutions Group (ISG) saw 24% revenue growth in Q3 FY2026 and has built a significant AI server backlog. This positions the company to capitalize on accelerating demand for AI compute hardware.
3. Q4 FY2026 Revenue and EPS Estimates
Evercore projects Q4 revenue of $31.4 billion and EPS of $3.52 driven by robust hardware and AI workload demand. These estimates reflect confidence in near-term performance despite lowered price targets.