Dell Technologies (NYSE:DELL) Given New $175.00 Price Target at The Goldman Sachs Group

Key Points

• Goldman Sachs has increased its price target for Dell Technologies from $155.00 to $175.00, maintaining a "buy" rating, indicating a potential upside of 6.40% from its current price.
• Several analysts, including Mizuho and Morgan Stanley, have raised their price objectives for Dell Technologies, further solidifying a consensus of Buy ratings among the majority of analysts.
• Dell Technologies reported earnings of $2.32 per share, exceeding estimates, with a revenue increase of 19.0% compared to the same quarter last year, highlighting strong financial performance.

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective increased by equities researchers at The Goldman Sachs Group from $155.00 to $175.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's target price suggests a potential upside of 6.40% from the stock's current price.

Several other analysts have also recently commented on the stock. Mizuho raised their price objective on shares of Dell Technologies from $160.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. TD Cowen raised their price objective on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a research note on Wednesday. Finally, Sanford C. Bernstein lifted their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.22.

Dell Technologies Trading Up 9.0%

Shares of NYSE:DELL traded up $13.60 during midday trading on Wednesday, hitting $164.47. The 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 PE ratio of 24.19, a P/E/G ratio of 1.00 and a beta of 1.05. 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 has a 1 year low of $66.25 and a 1 year high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The business had revenue of $29.78 billion for 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%. The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, equities analysts expect that Dell Technologies will post 6.93 EPS for the current year.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 2,220 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $146.07, for a total transaction of $324,275.40. The disclosure for this sale can be found here. Insiders have sold a total of 3,781,682 shares of company stock valued at $505,183,267 in the last ninety days. 42.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently bought and sold shares of the business. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the first quarter valued at $25,000. Winnow Wealth LLC purchased a new position in shares of Dell Technologies in the second quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies in the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies in the first quarter valued at $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the first quarter valued at $27,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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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