Barclays cuts target for Dell Technologies stock to USD 574

Published on 10/19/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 58 percent to USD 46.97 billion in July quarter. Dell Technologies stock costs EUR 411.73 on October 19, 2026, 0.54 percent above Xetra close.

Targets and operating scale

Barclays moved its Dell target to USD 574 on October 14, 2026.
Dell reported USD 46.97 billion in fiscal second-quarter revenue, up 58 percent.
Dell Technologies stock trades at EUR 411.73 at 10:04 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.54 percent above the Xetra close of October 16, 2026.

Dell Technologies Inc., US24703L2025, Illustration mit AI erstellt.

Dell Technologies Inc. (US24703L2025) was trading at EUR 411.73 at Lang & Schwarz on October 19, 2026, at 10:04 a.m. CEST, up 0.54 percent versus the Xetra close of October 16, 2026, at EUR 409.50. The latest analyst pressure came on October 14, 2026, when Barclays cut its rating to Equal Weight from Overweight and lowered its price target to USD 574, according to 247 Wall St.

Three dates shape the story

Dell's fiscal second-quarter results on September 1, 2026, showed revenue of USD 46.97 billion, up 58 percent from a year earlier. The period ended July 31, 2026, and included GAAP diluted earnings per share of USD 6.34, according to Investing.com.

On October 7, 2026, Dell introduced new Windows PCs and workstations for local and agentic AI workloads. The Dell Pro Precision with GB300 can scale to 20 petaflops of FP4 compute, according to Dell Technologies. Barclays followed on October 14, 2026, with the USD 574 target and Equal Weight rating.

What does the backlog mean for cash flow?

Dell exited the second quarter with USD 95.00 billion of unfilled AI server orders, up from USD 51.30 billion at the end of the first quarter. That demand supports the company's growth case, but operating cash flow was USD 2.23 billion in the quarter against USD 4.13 billion of net income, making conversion and working capital central investor questions, according to Investing.com.

Dividend dates are next

The next dated shareholder events are the October 20, 2026 ex-dividend date and the October 30, 2026 payment date for Dell's USD 0.63 quarterly dividend, as reported by Investing.com. The calendar gives investors a near-term corporate event while the market weighs AI growth against the valuation concern raised by Barclays.

Stock stays below its yearly high

Dell's primary listing is on the NYSE, where the October 16, 2026 quote was USD 451.54 and the 52-week range was USD 110.22 to USD 595.51. Market capitalization stood at USD 287.1 billion on that date. At Lang & Schwarz, the stock was trading at EUR 411.73 on October 19, 2026, at 10:04 a.m. CEST, 0.54 percent above the Xetra close of October 16, 2026, at EUR 409.50. The further course of trading is shown by the continuously updated real-time quote of Dell Technologies stock.