Dell Technologies (NYSE:DELL) Given New $170.00 Price Target at Bank of America

Key Points

• Bank of America has raised its price target for Dell Technologies from $167.00 to $170.00, indicating a potential upside of 16.18% from the company's previous close, maintaining a "buy" rating on the stock.
• Despite the increase in price targets from several analysts, Dell’s stock has exhibited fluctuations, recently trading at $146.33, up by $4.56 during trading hours.
• In the last 90 days, insiders have sold 3,204,462 shares of Dell Technologies stock, totaling approximately $420 million, reflecting significant activity in the company’s ownership structure.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target increased by equities researchers at Bank of America from $167.00 to $170.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Bank of America's target price would suggest a potential upside of 16.18% from the company's previous close.

A number of other research analysts have also recently weighed in on the stock. Barclays lifted their price objective on shares of Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a report on Wednesday, September 17th. Citigroup upped their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday. KeyCorp began coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Raymond James Financial upped their price objective on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.67.

Dell Technologies Stock Performance

Shares of DELL stock traded up $4.56 during trading hours on Wednesday, reaching $146.33. The company had a trading volume of 3,837,632 shares, compared to its average volume of 7,052,368. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $147.66. The stock has a fifty day moving average of $130.82 and a 200-day moving average of $114.04. The company has a market capitalization of $98.39 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.92 and a beta of 1.01.

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

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 725 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $126.39, for a total transaction of $91,632.75. Following the completion of the transaction, the director owned 23,680 shares of the company's stock, valued at approximately $2,992,915.20. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William D. Green sold 50,000 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the completion of the transaction, the director directly owned 45,045 shares of the company's stock, valued at $6,306,300. The trade was a 52.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,204,462 shares of company stock valued at $420,370,484 in the last 90 days. Insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Rydar Equities Inc. purchased a new stake in Dell Technologies in the 2nd quarter valued at about $642,000. Corient Private Wealth LLC increased its stake in Dell Technologies by 3.9% during the second quarter. Corient Private Wealth LLC now owns 113,615 shares of the technology company's stock worth $13,929,000 after acquiring an additional 4,221 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of Dell Technologies in the 2nd quarter valued at about $42,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth about $261,000. Finally, Orion Porfolio Solutions LLC lifted its position in Dell Technologies by 8.0% during the second quarter. Orion Porfolio Solutions LLC now owns 4,414 shares of the technology company's stock valued at $541,000 after buying an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Company Profile

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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