Dell Technologies Inc. (DELL) had a rough Thursday, falling over 8% as the broader market turned sour. The Nasdaq dropped 1.06% and the S&P 500 shed 0.49%, with tech stocks bearing the brunt of the selling pressure. When the sector sneezes, Dell apparently catches a cold.

The Technical Picture Looks Messy

Dell is currently trading 8.51% lower, and the technical setup isn't exactly inspiring confidence. The stock sits 2.6% below its 20-day simple moving average and a more worrying 14.3% below its 100-day SMA. Over the past year, shares have eked out a modest 0.30% gain, putting them closer to 52-week lows than highs.

The momentum indicators tell a conflicting story. The RSI stands at 55.02, signaling neutral momentum—not oversold, not overbought, just kind of hanging out. Meanwhile, the MACD is above its signal line, which typically hints at bullish movement ahead. Put them together and you get mixed signals that suggest traders should tread carefully.

Key levels to watch: resistance at $131.50 and support at $115.00.

Earnings Are Coming, and Expectations Are High

Mark your calendars: Dell reports earnings on February 26, 2026. Analysts are expecting some solid growth numbers—EPS of $3.44, up from $2.68 year-over-year, and revenue of $31.71 billion, a significant jump from $23.93 billion last year. The stock trades at a P/E of 16.6x, which suggests reasonably fair valuation.

What Analysts Are Saying:

The consensus rating is Buy with an average price target of $157.95. Recent analyst activity shows some divergence in views. Citigroup maintains a Buy rating but lowered its target to $165.00 on January 20. Morgan Stanley is more cautious with an Underweight rating and a $111.00 target, also from January 20. Barclays upgraded the stock to Overweight on January 15, keeping its target at $148.00.

Market Scorecard Shows Some Weakness

Looking at broader performance metrics, Dell isn't exactly lighting the world on fire. The company scores weak on value metrics with a score of 38.88, trading at what appears to be a premium relative to peers. Momentum is also weak at 27.86, reflecting underperformance against the broader market.

Current Price Action: Dell Technologies shares were trading at $113.59 at the time of publication Thursday, down 8.51%.