Bank of America Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Key Points

• Bank of America raised its price target on Dell to $205 (from $172) and maintained a "buy" rating, implying roughly 11.2% upside from current levels.
• Dell beat quarterly expectations with $3.89 EPS vs. $3.53 expected and $33.38B revenue (+39.5% y/y) and set Q1 2027 EPS guidance at 2.90 and FY 2027 at 12.90, bolstering analyst upgrades tied to AI server demand.
• Insiders sold about 2.6 million shares (~$403M) in the past 90 days, yet large institutional investors (e.g., Norges Bank, Wellington, Invesco) have been increasing stakes, with institutions owning ~76% and insiders ~42% of the stock.

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective lifted by investment analysts at Bank of America from $172.00 to $205.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has a "buy" rating on the technology company's stock. Bank of America's target price would indicate a potential upside of 11.20% from the company's current price.

DELL has been the topic of a number of other research reports. Weiss Ratings cut shares of Dell Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Wall Street Zen raised Dell Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Dbs Bank raised Dell Technologies to a "moderate buy" rating in a report on Monday, January 5th. Wolfe Research initiated coverage on Dell Technologies in a research report on Thursday. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. cut their price target on Dell Technologies from $170.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $170.47.

Dell Technologies Trading Down 0.6%

Shares of NYSE DELL opened at $184.35 on Wednesday. The company has a market cap of $119.04 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.71 and a beta of 0.88. Dell Technologies has a 12 month low of $75.94 and a 12 month high of $189.75. The stock has a 50-day moving average price of $143.18 and a two-hundred day moving average price of $138.16.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to the consensus estimate of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The firm's quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, sell-side analysts predict that Dell Technologies will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In other Dell Technologies news, insider William F. Scannell sold 143,067 shares of the business's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares in the company, valued at $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Richard Troy Sharp sold 1,538 shares of Dell Technologies stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $149.26, for a total value of $229,561.88. Following the completion of the sale, the chief accounting officer directly owned 8,030 shares of the company's stock, valued at approximately $1,198,557.80. This trade represents a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,595,522 shares of company stock valued at $403,091,708. Company insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Dell Technologies during the 4th quarter worth $607,349,000. Wellington Management Group LLP raised its position in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock valued at $426,129,000 after purchasing an additional 2,937,137 shares in the last quarter. Invesco Ltd. raised its position in Dell Technologies by 50.4% during the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company's stock valued at $919,051,000 after purchasing an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation boosted its holdings in shares of Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company's stock worth $337,652,000 after purchasing an additional 2,258,797 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Dell Technologies by 541.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company's stock worth $283,052,000 after purchasing an additional 1,685,529 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies News Roundup

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Bank of America and other analysts say Dell is well-positioned to capture enterprise AI spending given scale, supplier relationships and secured supply through 2027 — supporting higher revenue and multiple expansion. Article Title
• Positive Sentiment: Analysts have raised price targets (Mizuho to $215, others to the $200+ range) after Dell’s recent breakout and strong AI server demand, which is a direct catalyst for upward share revisions. Article Title
• Positive Sentiment: Dell struck a partnership with HIVE to deploy NVIDIA’s next‑generation AI GPUs and announced enterprise/government AI MoUs (Sharjah), boosting its addressable AI infrastructure pipeline. These deals reinforce revenue visibility from AI workloads. Article Title
• Positive Sentiment: Dell pledged to grow its dividend roughly 10% per year through 2030 (recent 20% raise), which supports income investors and signals confidence in cash flow. Article Title
• Neutral Sentiment: Coverage pieces note Dell recently hit an all‑time stock high and benefited from record revenue; momentum can attract flows but may also invite short‑term profit‑taking. Article Title
• Neutral Sentiment: Coverage suggests the Super Micro (SMCI) regulatory/investigation fallout could redirect share gains to Dell in servers, but this is contingent on competitor disruption and Dell execution. Article Title
• Negative Sentiment: Management and media have highlighted workforce reductions tied to an AI shift; while layoffs cut costs, they raise near‑term execution and morale risks and could weigh on sentiment. Article Title
• Negative Sentiment: Dell’s CEO warned about an industry “nightmarish” scenario where AI consumes massive RAM for years — a comment that can stoke investor concerns about escalating hardware costs and infrastructure constraints. Article Title

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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