Dell Technologies (NYSE:DELL) Price Target Raised to $500.00

Key Points

• Sanford C. Bernstein raised its price target on Dell Technologies from $280 to $500 and kept an outperform rating, signaling optimism about further upside in the stock.
• Dell’s latest quarterly results were strong, with revenue of $43.84 billion and EPS of $4.86 both topping estimates, while management also raised full-year revenue guidance and highlighted growth in AI-optimized servers.
• Analysts and institutions remain supportive overall, with several firms lifting targets or ratings and major investors such as Vanguard and State Street increasing holdings; meanwhile, insiders have sold shares recently.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price lifted by equities researchers at Sanford C. Bernstein from $280.00 to $500.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has an "outperform" rating on the technology company's stock. Sanford C. Bernstein's price objective indicates a potential upside of 17.61% from the company's current price.

A number of other analysts have also weighed in on DELL. Mizuho raised their target price on Dell Technologies from $215.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. Wolfe Research initiated coverage on shares of Dell Technologies in a report on Thursday, April 9th. They set a "peer perform" rating on the stock. Evercore raised their price objective on shares of Dell Technologies from $240.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Zacks Research raised shares of Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Finally, Susquehanna raised shares of Dell Technologies from a "neutral" rating to a "positive" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $324.45.

Dell Technologies Trading Up 34.1%

NYSE:DELL opened at $425.13 on Friday. The stock has a market capitalization of $274.53 billion, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Dell Technologies has a 1 year low of $106.38 and a 1 year high of $428.68. The firm has a 50 day moving average of $211.39 and a 200-day moving average of $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 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 firm had revenue of $43.84 billion during the quarter, compared to analysts' expectations of $35.74 billion. During the same period last year, the firm posted $1.55 EPS. The business's 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, analysts forecast that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, CFO David Alan Kennedy sold 19,500 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the transaction, the chief financial officer owned 183,097 shares of the company's stock, valued at approximately $33,420,695.41. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard Troy Sharp sold 1,538 shares of the firm's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $149.26, for a total value of $229,561.88. Following the transaction, the chief accounting officer owned 8,030 shares in the company, valued at approximately $1,198,557.80. This trade represents a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,571,688 shares of company stock valued at $576,654,105 in the last ninety days. 41.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Dell Technologies by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock valued at $3,957,850,000 after buying an additional 1,355,841 shares in the last quarter. State Street Corp lifted its holdings in 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 acquiring an additional 265,740 shares in the last quarter. Bank of America Corp DE grew its stake in Dell Technologies by 7.6% in the first 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 acquiring an additional 1,011,101 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 1.5% in the fourth 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 in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Dell Technologies by 50.4% in the fourth 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. 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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.