Dell Technologies (NYSE: DELL) traded at approximately $47 per share in early 2026, pulling back from a 2024 peak above $170 as AI server demand growth slowed and PC recovery disappointed. The stock re-listed on the NYSE in December 2018 after five years as a private company, and has been volatile since as investors debate whether the AI infrastructure cycle is durable.
Stock Price of Dell
NYSE share price (USD) — ticker DELL. Dell was listed 1988–2013, went private October 2013, and re-listed December 2018. The gap in the chart reflects the private period.
Dell Stock Forecast
Analyst views on DELL are split for 2026. Price targets range from $35 to $80, reflecting disagreement about the pace of AI server orders and whether PC replacement demand will recover. The bull case rests on Dell's position as a primary supplier of Nvidia-based GPU servers to enterprises. Bears cite thin margins, high leverage from the EMC acquisition, and dependence on hardware cycles that could reverse quickly.
Dell Valuation
Timeline of Dell Funding
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1984
Founder CapitalMichael Dell starts the company with $1,000 in personal savings from his University of Texas dorm room, funding early operations by selling customized IBM-compatible PCs directly to customers by phone.
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1988
NYSE IPODell Computer Corporation completes its initial public offering at $8.50 per share, raising $30 million. Michael Dell is 23 at the time of listing and retains a controlling ownership stake.
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2013
$24.4B Leveraged BuyoutMichael Dell and Silver Lake Partners take the company private in a $24.4 billion LBO funded through debt and equity, delisting from Nasdaq to restructure the business away from public market pressure.
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2016
$67B EMC AcquisitionDell acquires EMC Corporation for $67 billion — then the largest technology acquisition ever — funded through $40+ billion in new debt plus equity, transforming Dell into an enterprise infrastructure company.
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2018
NYSE Re-listingDell re-lists on the NYSE in December 2018 via a tracking stock conversion, giving public investors direct exposure to Dell Technologies and allowing the company to use stock as acquisition currency again.