Dell Technologies (NYSE:DELL) Given New $230.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group raised its price target on Dell to $230 (from $215), implying roughly a 9% upside and joining other analysts in lifting targets that support a "Moderate Buy" consensus.
• Dell reported a strong quarter—EPS $3.89 vs. $3.53 expected and revenue $33.38B vs. $31.6B—with revenue up 39.5% year-over-year and FY2027 EPS guidance set at 12.90.
• Insiders have sold heavily recently—about 3.57 million shares worth ~$576.7M over 90 days—although insiders still collectively own roughly 42% of the company.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price hoisted by research analysts at The Goldman Sachs Group from $215.00 to $230.00 in a research note issued on Thursday,MarketScreener reports. The Goldman Sachs Group's target price would suggest a potential upside of 9.07% from the stock's previous close.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $165.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, April 16th. Bank of America increased their price objective on Dell Technologies from $205.00 to $246.00 in a research report on Monday. Citigroup raised their price objective on Dell Technologies from $180.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Dbs Bank raised shares of Dell Technologies to a "moderate buy" rating in a research note on Monday, January 5th. Finally, Wolfe Research began coverage on shares of Dell Technologies in a research note on Thursday, April 9th. They issued a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.47.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $210.87 on Thursday. The company's fifty day moving average price is $169.13 and its 200-day moving average price is $144.50. The firm has a market capitalization of $136.17 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 0.84 and a beta of 0.88. Dell Technologies has a one year low of $92.53 and a one year high of $221.50.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. During the same period in the previous year, the firm posted $2.68 EPS. The firm's revenue was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. As a group, equities research analysts expect that Dell Technologies will post 11.9 EPS for the current year.

Insider Activity

In related news, Director Ellen Jamison Kullman sold 150,346 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $145.13, for a total value of $21,819,714.98. Following the sale, the director directly owned 65,662 shares of the company's stock, valued at $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dell Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock worth $3,957,850,000 after buying an additional 1,355,841 shares in the last quarter. State Street Corp boosted its position in Dell Technologies by 1.8% during the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company's stock valued at $1,852,450,000 after acquiring an additional 265,740 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dell Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company's stock worth $939,808,000 after acquiring an additional 108,011 shares during the period. Invesco Ltd. raised its position in shares of Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company's stock worth $919,051,000 after acquiring an additional 2,445,854 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Dell Technologies by 24.6% in the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company's stock valued at $694,489,000 after purchasing an additional 1,090,336 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies News Summary

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Strategic partnership with Trust3 AI to embed unified governance into Dell’s Data Lakehouse, which strengthens Dell’s stack for secure, governed, enterprise AI deployments — a commercial catalyst for server, storage and services demand. Trust3 AI and Dell Technologies Partner to Deliver Secure, Governed, AI-Ready Data Lakehouse Infrastructure
• Positive Sentiment: Street analysts are raising targets and citing an AI server boom — including a new street-high price target — which supports upside expectations and investor sentiment around sustained AI-driven revenue growth. Dell Stock Just Got a New Street-High Price Target. Should You Buy Shares Here?
• Positive Sentiment: Short-term price momentum: coverage notes Dell outpaced the market in the latest session, reflecting buy-side enthusiasm around AI product cycles and the Trust3 tie-up. That momentum can help near-term flows ahead of catalysts. Why Dell Technologies (DELL) Outpaced the Stock Market Today
• Positive Sentiment: CEO Michael Dell publicly opposed a proposed AI data-center moratorium, arguing overregulation could hand advantages to rivals — a pro-growth stance that investors may view as supportive of ongoing AI investment and sales. Dell Technologies Inc. (DELL) CEO Speaks on AI Data Center Moratorium Proposal
• Neutral Sentiment: Competitive/industry context — Bank of America raised HPE’s target citing agentic AI opportunity; stronger peers can validate sector demand but also intensify competition for enterprise spend. Bank of America Lifts Hewlett Packard Enterprise (HPE) Target, Sees Upside from Agentic AI Shift
• Neutral Sentiment: Near-term catalyst: commentary and coverage note momentum “ahead of earnings”; investors will watch upcoming results and guidance for signs that AI demand sustains higher server/storage bookings. What's Going With Dell Stock Today?
• Negative Sentiment: Competitive technology risk from rapid product cycles at peers (e.g., Nvidia’s new model/hardware launches) could pressure ASPs and margins in AI servers; investors should watch margin trajectory and component cost trends. As Nvidia Launches Nemotron 3 Nano Omni Model, Should You Buy, Sell, or Hold NVDA Stock?

About Dell Technologies

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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