Dell Technologies (NYSE:DELL) Given New $200.00 Price Target at Argus

Key Points

• Analysts at Argus have raised their price target for Dell Technologies from $150.00 to $200.00, indicating a potential upside of 26.73% based on the stock's previous close.
• Dell Technologies recently reported earnings of $2.32 per share, beating estimates and reflecting a 19% increase in revenue year-over-year.
• Despite positive earnings, the stock is currently down 4.1%, trading at $157.81 as of Thursday.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target lifted by analysts at Argus from $150.00 to $200.00 in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the technology company's stock. Argus' price objective indicates a potential upside of 26.73% from the stock's previous close.

Other analysts have also issued research reports about the stock. Cowen restated a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday. Raymond James Financial lifted their price objective on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Seventeen research 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 a consensus target price of $160.53.

Dell Technologies Stock Down 4.1%

Shares of DELL traded down $6.72 during mid-day trading on Thursday, reaching $157.81. 2,128,041 shares of the stock traded hands, compared to its average volume of 7,219,272. The stock has a fifty day simple moving average of $133.05 and a 200 day simple moving average of $116.08. The firm has a market cap of $106.11 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion during the quarter, compared to analyst estimates 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 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. On average, equities research analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold a total of 4,191,683 shares of company stock worth $578,511,613 in the last quarter. 42.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the stock. Winnow Wealth LLC bought a new stake in Dell Technologies during the second quarter worth approximately $25,000. Westside Investment Management Inc. boosted its position in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter valued at approximately $28,000. Central Pacific Bank Trust Division bought a new stake in shares of Dell Technologies in the second quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. boosted its position in shares of Dell Technologies by 66.2% in the second quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company's stock valued at $31,000 after acquiring an additional 100 shares during the period. 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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