Dell Technologies (NYSE:DELL) Price Target Raised to $360.00

Key Points

• Truist Financial raised its price target on Dell Technologies from $170 to $360, while keeping a hold rating. The new target still implies downside from the stock’s current level.
• Dell delivered a strong fiscal Q1, with $43.8 billion in revenue and $4.86 EPS, both well above analyst expectations. Revenue jumped 87.5% year over year, helped by booming demand for AI servers.
• The company also raised full-year guidance to $165 billion-$169 billion in revenue and $17.90 EPS. Analysts remain broadly bullish, with multiple firms upgrading the stock and MarketBeat showing an average Moderate Buy rating.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target increased by equities research analysts at Truist Financial from $170.00 to $360.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the technology company's stock. Truist Financial's price target would suggest a potential downside of 11.52% from the stock's current price.

Several other analysts have also weighed in on DELL. Royal Bank Of Canada initiated coverage on Dell Technologies in a report on Friday. They issued an "outperform" rating for the company. Morgan Stanley upgraded Dell Technologies from an "underweight" rating to a "buy" rating in a report on Friday, May 22nd. Daiwa Securities Group upped their price objective on Dell Technologies from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, March 6th. Barclays lowered Dell Technologies from an "overweight" rating to a "reduce" rating in a report on Friday. Finally, The Goldman Sachs Group upped their price objective on Dell Technologies from $215.00 to $230.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $410.52.

Dell Technologies Stock Up 28.3%

DELL stock traded up $89.81 during trading on Friday, reaching $406.86. 29,164,764 shares of the company's stock were exchanged, compared to its average volume of 8,372,869. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $429.15. The company's fifty day moving average price is $211.39 and its 200-day moving average price is $157.54. The firm has a market cap of $262.73 billion, a PE ratio of 46.51, a P/E/G ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm's quarterly revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, sell-side analysts expect that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Richard Troy Sharp sold 1,538 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total value of $229,561.88. Following the sale, the chief accounting officer directly owned 8,030 shares of the company's stock, valued at approximately $1,198,557.80. This represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 over the last 90 days. 41.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Brighton Jones LLC raised its position in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the period. Sivia Capital Partners LLC acquired a new position in Dell Technologies during the second quarter valued at $328,000. Marshall Wace LLP acquired a new position in Dell Technologies during the second quarter valued at $809,000. Gamco Investors INC. ET AL raised its position in Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock valued at $819,000 after buying an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC raised its position in Dell Technologies by 147.2% during the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock valued at $7,112,000 after buying an additional 34,538 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell reported fiscal Q1 revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above estimates, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI-optimized server revenue surged 757% to about $16.1 billion, with Dell saying AI demand remains strong and backlog stays elevated, reinforcing the company’s role as a key beneficiary of AI data-center spending. Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Dell raised full-year fiscal 2027 guidance to $165 billion-$169 billion in revenue and $17.90 EPS, well above prior expectations, suggesting the growth story may extend beyond this quarter. Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: A five-year, $9.7 billion Pentagon software contract added another catalyst, broadening optimism around Dell’s enterprise and government business. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Neutral Sentiment: Wall Street reacted with a flurry of upgrades and target increases, including Wells Fargo, JPMorgan, Citi, Raymond James, Loop Capital, and others, which supports the bullish sentiment but also leaves the stock looking priced for strong execution. Benzinga analyst update
• Negative Sentiment: Dell also noted supply constraints and memory-chip shortages, which could limit how quickly it converts AI demand into sales and may temper upside if component costs stay elevated. Dell Executive Confident Amid Memory Crunch As AI Boom Strains Supply

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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