Dell Technologies (NYSE:DELL) Given New $165.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised Dell Technologies' price target from $145.00 to $165.00, indicating a potential upside from the company's previous close.
• Overall, the stock has received a majority of buy ratings from analysts, with an average price target of $157.22.
• Dell Technologies reported a revenue of $29.78 billion for the previous quarter, exceeding estimates and marking a 19.0% increase year-over-year.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from $145.00 to $165.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 0.32% from the company's previous close.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Raymond James Financial upped their price target on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Citigroup upped their price target on Dell Technologies from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. Daiwa Capital Markets upped their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Finally, The Goldman Sachs Group upped their target price on Dell Technologies from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $157.22.

Dell Technologies Stock Performance

NYSE:DELL traded up $13.60 during trading hours on Wednesday, reaching $164.47. The company's stock had a trading volume of 17,345,459 shares, compared to its average volume of 7,234,625. The company has a market capitalization of $110.58 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $166.10. The stock has a 50 day moving average price of $132.43 and a two-hundred day moving average price of $115.74.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, analysts predict that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $126.39, for a total transaction of $91,632.75. Following the sale, the director directly owned 23,680 shares in the company, valued at approximately $2,992,915.20. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,781,682 shares of company stock valued at $505,183,267. Insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Dell Technologies by 67.1% during the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after purchasing an additional 14,010 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of Dell Technologies during the 2nd quarter worth approximately $8,869,000. Wealthcare Advisory Partners LLC boosted its position in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after purchasing an additional 809 shares during the period. Finally, Mather Group LLC. boosted its position in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after purchasing an additional 554 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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