Dell Technologies (NYSE:DELL) Price Target Raised to $450.00

Key Points

• Evercore raised its price target on Dell Technologies to $450 from $270 and kept an outperform rating, implying modest upside from the stock’s current level.
• Other analysts also turned more bullish, with JPMorgan lifting its target to $500, Citigroup to $475, and several firms upgrading the stock after Dell’s strong results and AI-related growth outlook.
• Dell posted a standout fiscal Q1, with revenue up 87.5% year over year to $43.84 billion and EPS of $4.86 beating estimates, while management boosted full-year guidance and highlighted AI server demand as a major driver.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price hoisted by investment analysts at Evercore from $270.00 to $450.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has an "outperform" rating on the technology company's stock. Evercore's price target indicates a potential upside of 7.04% from the stock's current price.

DELL has been the subject of a number of other reports. Morgan Stanley upgraded Dell Technologies from an "underweight" rating to a "buy" rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday. Susquehanna raised shares of Dell Technologies from a "neutral" rating to a "positive" rating in a report on Friday. Wall Street Zen downgraded shares of Dell Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Citigroup lifted their price target on shares of Dell Technologies from $290.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $370.33.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $103.37 during midday trading on Friday, hitting $420.42. 11,319,612 shares of the stock traded hands, compared to its average volume of 8,145,133. The firm has a market capitalization of $271.49 billion, a P/E ratio of 48.15, a PEG ratio of 1.12 and a beta of 0.99. Dell Technologies has a one year low of $106.38 and a one year high of $428.68. The firm has a 50-day moving average of $211.39 and a two-hundred day moving average of $157.54.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies's revenue was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. 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. Equities analysts forecast that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 143,067 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $165.00, for a total value of $23,606,055.00. Following the completion of the transaction, the insider directly owned 21,779 shares in the company, valued at $3,593,535. This represents a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Alan Kennedy sold 19,500 shares of the firm's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the sale, the chief financial officer owned 183,097 shares in the company, valued at $33,420,695.41. The trade was a 9.63% 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 worth $576,654,105 in the last ninety days. Corporate insiders own 41.50% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock valued at $3,957,850,000 after acquiring an additional 1,355,841 shares in the last quarter. State Street Corp grew its position in shares of Dell Technologies by 1.8% during the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company's stock worth $1,852,450,000 after purchasing an additional 265,740 shares in the last quarter. Bank of America Corp DE raised its stake in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Geode Capital Management LLC lifted its holdings in Dell Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company's stock worth $939,808,000 after purchasing an additional 108,011 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in 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 purchasing an additional 2,445,854 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell posted fiscal Q1 revenue of $43.8 billion, up 88% year over year, while adjusted EPS of $4.86 easily beat estimates; management also raised full-year revenue guidance to $165 billion-$169 billion and said AI-optimized server revenue could reach about $60 billion in FY2027. Article Title
• Positive Sentiment: The company also won a roughly $9.7 billion Pentagon software contract, adding another catalyst and reinforcing confidence in Dell’s enterprise and government business. Article Title
• Positive Sentiment: Analysts turned more constructive after the report, with Susquehanna upgrading Dell to “positive” and other firms lifting price targets as they cited stronger AI demand and a long runway for growth. Article Title
• Neutral Sentiment: Management said demand is not the main constraint — supply is — as chip and memory shortages continue to limit how quickly Dell can fulfill AI server orders. Article Title

Dell Technologies Company Profile

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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