Should I buy Dell stock in 2025?

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At HelloSafe, our experts have been monitoring Dell’s market performance for more than three years. Each month, tens of thousands of users in Singapore rely on us to interpret market trends and highlight the most promising investment opportunities. Our analyses are presented for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Dell.

What is Dell?

How much is Dell stock?

The price of Dell stock is rising this week. As of now, Dell trades at $96.22, reflecting a 0.45% increase over the past 24 hours and a strong 4.64% gain for the week. The company holds a market capitalization of $67.15 billion, with an average 3-month trading volume of 6.3 million shares. Dell’s price-to-earnings ratio stands at 15.08, offering a dividend yield of 2.19%, and the stock’s beta is 1.06, indicating moderate volatility. With recent gains in both share price and AI-driven business growth, Dell presents appealing investment opportunities for Singapore investors seeking balanced potential and stability.

Our full analysis on Dell stock

Dell Technologies Inc. (NYSE: DELL) has recently released robust financial results and experienced a dynamic three-year performance in the public markets. Leveraging our proprietary algorithm, which combines financial metrics, advanced technical analysis, contemporary market data, and peer benchmarking, we have undertaken an exhaustive review of Dell’s current standing. So, why might Dell stock once again become a strategic entry point into the technology and AI infrastructure sector in 2025?

Recent Performance and Market Context

Dell’s equity narrative has been marked by prudent resilience and fresh momentum in 2025. As of May 9, Dell is trading at $96.22, presenting a compelling opportunity following a healthy correction from its 52-week apex of $179.70. The past month alone has witnessed a remarkable rally of +32.55%, while the stock price remains down 26.9% over the trailing twelve months, positioning Dell at a technical low that historically has invited strong institutional inflows.

Several positive events have catalyzed this turnaround. Notably, the announcement of a major $5 billion AI server partnership with Elon Musk’s xAI and a reported $9 billion AI server backlog have reignited bullish sentiment. Additionally, the company increased its quarterly dividend by 18% and expanded its share repurchase authorization by $10 billion, underscoring confidence in future free cash flow. These milestones arrive at a time when global technology spending is rebounding and enterprise IT investments—especially in AI capability—are surging, benefiting hardware infrastructure players like Dell.

Sector-wide, a favorable macro landscape persists. The AI infrastructure gold rush, a gradual upturn in enterprise refresh cycles, and improved component supply chains all favor Dell in the months ahead. Compared to its competitors, Dell presents a rare mix: it enjoys the cyclical recovery tailwinds of the broader hardware market and has the distinct catalyst of AI-focused infrastructure expansion.

Technical Analysis

A review of Dell’s price action reveals conditions seemingly conducive to a new bullish phase. The Relative Strength Index (RSI-14) at 52.67 signals a neutral stance—neither overbought nor oversold—implying that the recent rebound is not yet exhausted and may have room to run. The 50-day moving average sits below the current price, confirming short-term upward momentum, while the 200-day moving average remains above, reflecting the prior correction and providing scope for a technical breakout should bullish catalysts persist.

Key support is observed at $94.58 and $76.64, with the current price confidently consolidating above short-term support. The main resistance zone at $94.89–$95.26 has recently been challenged, signaling robust buying volume at these inflection points. Further upward movement could target the former 52-week high near $180, offering a substantial potential gain.

• RSI (14): 52.67 (neutral, with upside room)
• 50-day MA: Bullish crossover with price
• 200-day MA: Technical ceiling, but receding as price recovers
• Support levels: $94.58, $76.64
• Resistance levels: $94.89–$95.26, $179.70

Short- and medium-term traders may find the present technical setup favorable for entry, with defined support and significant upside catalyzed by recent news flow and sector momentum.

Fundamental Analysis

Revenue Growth, Profitability, and Expansion

• FY2025 revenue: $95.6 billion, up 8% year-over-year
• Operating income: $6.2 billion, up 15%
• Diluted EPS: $6.38, up 39%

Notably, the Infrastructure Solutions Group (ISG) was the growth engine, delivering 29% revenue growth, propelled by surging AI server demand and robust storage solutions. The AI backlog of $9 billion is a unique asset, positioning Dell to tap sustained, high-margin growth across fiscal 2026 and beyond.

Profitability remains a defining feature. Dell’s forward P/E of 10.33 and PEG below 1 (using consensus growth rates) suggest the stock is trading at a discount to both its own historical multiples and sector peers. A 2.19% dividend yield—with recent increases—further enhances Dell’s appeal, reflecting a balanced capital-return policy that is rare among high-growth tech hardware players.

Attractive Valuation

• P/E (ttm): 15.08; Forward P/E: 10.33
• PEG:
• Dividend yield: 2.19%
• P/S: 0.7 (well below the tech sector average)
• Cash flow from operations: $4.5 billion

When pitted against its competitors, Dell stands out for disciplined capital allocation and shareholder-friendly initiatives. The company’s valuation, in light of its forecasted FY2026 revenue growth (+8% at the midpoint and 23% EPS growth), appears not only justified but arguably attractive for value-oriented and growth-focused investors alike.

Structural Strengths

• Leadership in AI server hardware, thanks to the Nvidia partnership and the xAI contract
• Substantial enterprise and government client base supporting recurring revenues
• Recognized global brand with operational scale in 180+ countries
• Experienced C-suite, with founder Michael Dell and key lieutenants driving execution

These attributes underpin both defensive and offensive characteristics, insulating Dell against macro cyclicality and positioning it for secular growth.

Volume and Liquidity

High liquidity and consistent trading breadth underpin Dell’s institutional appeal. The stock typically sees average daily volumes exceeding 7 million shares (as of May 2025), with a robust free float ensuring price efficiency and dynamic valuation. Sustained volumes around key news and earnings events reinforce market confidence—Dell routinely features in large-cap rotation by both US and global passive index funds and active managers, including notable presence on Southeast Asian trading platforms.

The stock’s float configuration is favorable for dynamic repricing; as Dell pivots into higher-growth revenue streams, these liquidity characteristics will likely accelerate price discovery to the upside.

Catalysts and Positive Outlook

AI Server Expansion

Dell’s role as primary infrastructure supplier to burgeoning AI manufacturers places it at the core of the global digital transformation.

• $5B xAI server deal: Represents one of the largest AI hardware deployments in history
• $9B AI backlog: Confirms surging institutional demand
• Nvidia collaboration: Ensures early access to best-in-class AI computing components

These, combined with Dell’s capital return program (18% dividend growth, $10B buyback), provide a multilayered support for a positive stock re-rating.

Upcoming Earnings and Forward Guidance

Analysts expect Dell’s FY2026 revenue to cross $100 billion, with earnings per share rising double digits. The consensus price target of $125.15 implies approximately 30% upside from current levels. With hardware refresh cycles accelerating and digital spending increasing in Asia-Pacific, Dell’s revenue mix is set to further diversify toward higher-margin AI and enterprise markets.

ESG and Innovation

Dell’s progress on ESG (Environmental, Social, and Governance) fronts—including circular economy initiatives and expanded use of recycled materials—will continue to resonate with both institutional and retail investors in Singapore, where sustainability increasingly shapes capital flows.

Investment Strategies

Short-, Medium-, and Long-Term

• Short-term: Dell’s high volatility, coupled with defined support and imminent catalysts (e.g., earnings releases, AI deal deliveries), creates trading windows for active investors.
• Medium-term: As AI revenues begin to materialize in results and institutional investors accumulate, Dell stands to capture expanded multiples relative to peers.
• Long-term: The company’s multi-year transformation into an AI infrastructure leader, supported by strong dividend growth and capital discipline, offers a robust risk-reward profile for secular investors.

For those seeking ideal positioning, the stock appears attractively valued at current consolidation levels, or ahead of major customer deal announcements and earnings reports—historically, such setups have triggered strong upward momentum for Dell.

Is It the Right Time to Buy Dell?

To summarise, Dell presents a distinctly attractive risk-reward scenario at this juncture:

• Multiple bullish catalysts, including transformative AI partnerships and a $9 billion backlog
• A return to consistent revenue and earnings growth, supported by sector-leading profitability
• Valuation metrics that are compelling both versus Dell’s history and broader tech benchmarks
• High trading liquidity, with sustained institutional attention underpinning price discovery
• Seasoned executive team and structural strengths in innovation, client base, and global brand

While prudent risk management remains essential given industry competition and sector volatility, the fundamentals and technicals together justify renewed investor interest. With global AI investment accelerating and Dell rapidly evolving to meet that demand, the stock seems to represent an excellent opportunity for those seeking technology sector exposure at the cusp of an industry inflection point.

Given these converging strengths, Dell may be entering a new bullish phase—one that investors in Singapore and beyond should seriously consider as a strategic portfolio addition, as the company advances in lockstep with the next wave of global digital transformation.

How to buy Dell stock in Singapore?

Investing in Dell Technologies Inc. (NYSE: DELL) is now more accessible, safe, and straightforward for Singapore-based investors, thanks to online platforms regulated by the Monetary Authority of Singapore (MAS) and other global authorities. You can buy Dell shares online via two main approaches: purchasing shares directly (“spot buying”) or trading Contracts for Difference (CFDs). Spot buying means you own the actual shares, while CFDs let you trade on price movements with leverage. Each approach suits different goals—and below, you’ll find a broker comparison to help you choose the best platform for your needs.

Spot buying

When you buy Dell stock for cash, you become a direct shareholder of the company. This traditional method involves purchasing actual Dell shares through a regulated broker, and you’ll typically pay a fixed commission per trade, often in SGD. For example, if Dell’s share price is USD $96.22 (about SGD $130), a SGD $1,350 investment (approximately USD $1,000) allows you to buy around 10 shares, factoring in a brokerage fee of approximately SGD $7 per order.

Example: Spot buying outcome

Gain scenario:
If Dell’s share price rises by 10%, your shares would be worth roughly SGD $1,485.
Result: That’s a gross gain of SGD $135, or +10% on your investment before fees.

Trading via CFD

CFD trading lets you speculate on Dell’s share price without owning the stock. This approach allows leverage (trading on margin), and you only need a fraction of the total value to enter a position. Fees include the spread (the difference between the buy and sell price) and overnight financing if you hold positions longer than a day. For example, with a SGD $1,350 stake and 5x leverage, your market exposure is SGD $6,750.

Example: CFD trading outcome

Gain scenario:
If Dell’s stock rises by 8%, your CFD position gains 8% × 5 = 40%.
Result: You’d realize a gain of SGD $540 on your initial SGD $1,350 outlay (excluding spreads and overnight fees).

Final advice

Before buying Dell shares, it’s essential to compare each broker’s fees, features, and account conditions. Consider your investment horizon and risk profile—spot buying is best for long-term investors, while CFDs suit traders seeking short-term opportunities with leverage. The best option depends on your personal financial goals and risk tolerance. To make an informed choice, be sure to consult the broker comparison further down this page.

Our 7 tips for buying Dell stock

The latest news about Dell

Dell finalizes a major AI server deal with xAI, potentially boosting regional AI infrastructure. In early May 2025, Dell announced it is finalizing a roughly $5 billion supply agreement with Elon Musk’s xAI to deliver half of the server racks for what is expected to become the world’s largest AI supercomputer. This move highlights Dell’s increasing global relevance and aligns well with Singapore’s ambitions to become a regional artificial intelligence hub, as AI adoption expands across Southeast Asia. The deal’s scale and technological significance could stimulate further enterprise demand in Singapore, both from data centers and research institutions seeking leading-edge AI infrastructure.

Dell maintains robust AI server backlog, signaling continued demand from Asia-Pacific customers. As of this week, Dell has publicly stated that its AI server backlog stands at approximately $9 billion, a figure maintained since February 2025. This backlog is underpinned by strong momentum in hyperscale, cloud, and large enterprise orders—an area where Singapore-based multinationals and regional data center providers are increasingly active. Singapore’s digital economy and status as a gateway for cloud and AI services in Asia-Pacific suggest Dell’s persistent backlog reflects healthy forward demand in the region.

Dell’s Singapore office leads regional partnerships and innovation, supporting local economic initiatives. Dell’s Asia-Pacific headquarters in Singapore continues to play a pivotal role in launching new solutions tailored to regional needs, including AI-optimized servers, storage, and client devices. Recent company communications highlighted collaborations with Singaporean research institutes and cloud providers, focusing on scalable, energy-efficient IT for smart city and fintech applications. Such local engagement underpins Dell’s strategic importance in Singapore’s digital economy and may encourage further adoption by both public and private sector entities.

Shareholder returns are strengthened by an 18% dividend boost and expanded buyback authorization. Dell has increased its annual dividend by 18% to $2.10 per share and approved a new $10 billion share repurchase program, moves officially announced in early May 2025. These measures are particularly relevant for Singaporean institutional investors and funds seeking both income stability and long-term growth, especially given Singapore’s mature financial market and the importance of dividend-paying stocks to local portfolios.

Analyst consensus remains positive, with 30% upside potential and improving technical profile. Equity research firms covering Dell have reaffirmed a consensus target price of $125.15, representing about 30% upside from current levels. Technical analysis shows the stock consolidating following recent volatility, with the neutral RSI and price holding above short-term support—factors that may appeal to Singaporean investors looking for constructive entry points. Strong fundamentals, sector momentum, and Dell’s expanding regional presence underpin the favorable outlook.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.