Dell Technologies (NYSE:DELL) Price Target Raised to $167.00

Key Points

• Bank of America has raised its price target for Dell Technologies from $165.00 to $167.00, indicating a potential upside of 24.00% from the current stock price.
• Dell Technologies recently reported $2.32 earnings per share for the quarter, surpassing analysts' expectations of $2.29, and showing a 19.0% revenue increase compared to the previous year.
• Despite the positive ratings for the stock, insider trades have led to a significant decrease in their positions, with over 12 million shares sold in the last ninety days, representing substantial activity among company insiders.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target boosted by Bank of America from $165.00 to $167.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Bank of America's target price would suggest a potential upside of 24.00% from the stock's current price.

Several other equities research analysts also recently commented on the stock. Susquehanna reiterated a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research report on Wednesday, August 13th. UBS Group reiterated a "buy" rating on shares of Dell Technologies in a research report on Friday. Evercore ISI lifted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Barclays lifted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Finally, Citigroup lifted their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $144.18.

Dell Technologies Trading Up 1.6%

DELL opened at $134.68 on Friday. The company's 50 day moving average is $129.10 and its 200-day moving average is $110.37. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market cap of $91.42 billion, a P/E ratio of 21.48, a PEG ratio of 0.92 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. During the same period last year, the company posted $1.89 EPS. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. 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 analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director owned 986,261 shares in the company, valued at $121,803,233.50. The trade was a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director owned 980,295 shares of the company's stock, valued at $125,046,430.20. This represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock worth $1,583,673,412 over the last ninety days. 42.00% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Hedge funds have recently modified their holdings of the stock. Winnow Wealth LLC acquired a new stake in Dell Technologies in the 2nd quarter valued at $25,000. Westside Investment Management Inc. grew its position in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Dell Technologies in the 2nd quarter valued at $28,000. Central Pacific Bank Trust Division acquired a new stake in Dell Technologies in the 2nd quarter valued at $29,000. Finally, Johnson Financial Group Inc. grew its position in Dell Technologies by 66.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company's stock valued at $31,000 after purchasing an additional 100 shares during the period. Institutional investors 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.