Dell Technologies (NYSE:DELL) Price Target Raised to $460.00

Key Points

• Argus raised its price target on Dell Technologies from $200 to $460 while keeping a buy rating, implying about 8.2% upside from the prior close.
• Dell’s latest quarterly results were strong, with EPS of $4.86 easily beating estimates and revenue of $43.84 billion topping forecasts and jumping 87.5% year over year.
• Analysts remain broadly bullish on the stock amid AI demand and other catalysts, including upgraded price targets from several firms and Dell’s guidance that AI-optimized server revenue could reach about $60 billion in FY2027.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target hoisted by Argus from $200.00 to $460.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the technology company's stock. Argus' price target would suggest a potential upside of 8.20% from the company's previous close.

DELL has been the subject of a number of other research reports. Barclays restated an "overweight" rating and issued a $550.00 price objective on shares of Dell Technologies in a report on Friday. Susquehanna raised Dell Technologies from a "neutral" rating to a "positive" rating in a research report on Friday. UBS Group restated a "neutral" rating and issued a $440.00 price target on shares of Dell Technologies in a research note on Friday. The Goldman Sachs Group lifted their price objective on Dell Technologies from $215.00 to $230.00 in a research note on Thursday, April 30th. Finally, Evercore boosted their target price on Dell Technologies from $240.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $313.45.

Dell Technologies Stock Up 34.1%

Shares of NYSE DELL opened at $425.13 on Friday. The company has a market cap of $274.53 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 1.12 and a beta of 0.99. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $428.68. The firm's fifty day moving average is $211.39 and its 200 day moving average is $157.54.

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

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $176.81, for a total transaction of $67,541,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares of the company's stock, valued at approximately $3,593,535. This represents a 86.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,571,688 shares of company stock worth $576,654,105. Company insiders own 41.50% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Dell Technologies during the 2nd quarter valued at approximately $328,000. Marshall Wace LLP purchased a new position in Dell Technologies in the 2nd quarter worth approximately $809,000. Gamco Investors INC. ET AL boosted its stake in Dell Technologies by 30.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock worth $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Dell Technologies by 147.2% in the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock worth $7,112,000 after purchasing an additional 34,538 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

More Dell Technologies News

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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