Citigroup Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Key Points

• Citigroup raised its price target on Dell Technologies from $290 to $475 and kept a buy rating, signaling about 13% upside from the prior close.
• Dell’s latest earnings beat expectations sharply, with Q1 EPS of $4.86 versus $2.96 expected and revenue of $43.84 billion versus $35.74 billion estimated, while revenue jumped 87.5% year over year.
• Analyst sentiment has turned more positive overall as multiple firms lifted targets, and Dell’s stock surged to around $420 after the report, near its 52-week high.

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective lifted by investment analysts at Citigroup from $290.00 to $475.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a "buy" rating on the technology company's stock. Citigroup's target price indicates a potential upside of 12.98% from the company's previous close.

DELL has been the subject of several other reports. TD Cowen increased their price objective on Dell Technologies from $150.00 to $450.00 and gave the stock a "hold" rating in a research note on Friday. Wolfe Research began coverage on Dell Technologies in a report on Thursday, April 9th. They set a "peer perform" rating for the company. Wall Street Zen lowered Dell Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. The Goldman Sachs Group lifted their price objective on shares of Dell Technologies from $215.00 to $230.00 in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $370.33.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $103.37 during mid-day trading on Friday, reaching $420.42. 11,319,612 shares of the company's stock traded hands, compared to its average volume of 8,145,133. The business has a 50-day simple moving average of $211.39 and a 200 day simple moving average of $157.54. The stock has a market cap of $271.49 billion, a P/E ratio of 48.15, a PEG ratio of 1.12 and a beta of 0.99. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $428.68.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Equities research analysts anticipate that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Activity

In related news, insider William F. Scannell sold 143,067 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the transaction, the insider owned 21,779 shares in the company, valued at approximately $3,593,535. This represents a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares during the period. Sivia Capital Partners LLC bought a new position in Dell Technologies during the second quarter valued at $328,000. Marshall Wace LLP purchased a new stake in Dell Technologies in the second quarter worth $809,000. Gamco Investors INC. ET AL raised its stake in shares of Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock valued at $819,000 after buying an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock valued at $7,112,000 after buying an additional 34,538 shares during the last quarter. Hedge funds and other 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: Dell posted fiscal Q1 revenue of $43.8 billion, up 88% year over year, while adjusted EPS of $4.86 easily beat estimates; management also raised full-year revenue guidance to $165 billion-$169 billion and said AI-optimized server revenue could reach about $60 billion in FY2027. Article Title
• Positive Sentiment: The company also won a roughly $9.7 billion Pentagon software contract, adding another catalyst and reinforcing confidence in Dell’s enterprise and government business. Article Title
• Positive Sentiment: Analysts turned more constructive after the report, with Susquehanna upgrading Dell to “positive” and other firms lifting price targets as they cited stronger AI demand and a long runway for growth. Article Title
• Neutral Sentiment: Management said demand is not the main constraint — supply is — as chip and memory shortages continue to limit how quickly Dell can fulfill AI server orders. Article Title

Dell Technologies Company Profile

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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