Dell Technologies (NYSE:DELL) Price Target Raised to $505.00

Key Points

• Wells Fargo raised Dell Technologies’ price target sharply from $270 to $505 and kept an overweight rating, implying further upside from current levels.
• Dell’s latest earnings beat expectations by a wide margin, with EPS of $4.86 and revenue of $43.84 billion, helped by strong demand tied to AI infrastructure.
• The stock has drawn broad analyst support and some pushback, with multiple firms lifting targets, while the consensus remains Moderate Buy with an average price target of $381.52.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target hoisted by equities researchers at Wells Fargo & Company from $270.00 to $505.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Wells Fargo & Company's target price would suggest a potential upside of 21.33% from the company's current price.

DELL has been the subject of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays downgraded shares of Dell Technologies from an "overweight" rating to a "reduce" rating in a research report on Friday. Daiwa Securities Group boosted their target price on shares of Dell Technologies from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. 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, Wolfe Research downgraded shares of Dell Technologies from a "peer perform" rating to a "peer perform" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $381.52.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $99.19 during trading on Friday, hitting $416.24. The company's stock had a trading volume of 21,065,824 shares, compared to its average volume of 8,266,115. The stock's 50-day moving average price is $211.39 and its two-hundred day moving average price is $157.54. The company has a market capitalization of $268.78 billion, a PE ratio of 47.37, a PEG ratio of 1.12 and a beta of 0.99. Dell Technologies has a fifty-two week low of $106.38 and a fifty-two week high of $429.15.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share 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 the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company's revenue was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. 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. On average, equities analysts predict that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the company's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the completion of the transaction, the director owned 65,662 shares of the company's stock, valued at approximately $9,529,526.06. This trade represents a 69.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,571,688 shares of company stock valued at $576,654,105. 41.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth approximately $25,000. Rossby Financial LCC lifted its stake in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock worth $26,000 after acquiring an additional 184 shares during the period. Navalign LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter worth approximately $29,000. Finally, WealthCollab LLC lifted its stake in shares of Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company's stock worth $31,000 after acquiring an additional 114 shares during the period. Institutional investors own 76.37% of the company's stock.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell reported record quarterly revenue of $43.8 billion, with earnings of $4.86 per share topping estimates and revenue beating forecasts by a wide margin, sparking a sharp stock rally. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI-optimized server revenue jumped 757% year over year to $16.1 billion, showing Dell is benefiting directly from the AI infrastructure buildout and hyperscaler spending boom. Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Dell raised full-year FY2027 guidance materially, lifting revenue outlook to $165 billion-$169 billion and signaling stronger profit growth than analysts expected. Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Wall Street responded with a wave of bullish analyst actions, including multiple price-target hikes from firms such as Loop Capital, JPMorgan, Citigroup, Raymond James and Evercore, reinforcing the move higher. Loop Capital PT update
• Positive Sentiment: Dell also announced a $9.7 billion Pentagon software contract, adding another catalyst and broadening investor enthusiasm around the stock. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Neutral Sentiment: Some articles note the rally has also lifted related hardware and AI infrastructure names, suggesting a sector-wide read-through rather than a Dell-only move. Hewlett Packard Enterprise Stock Rallies Thanks to Dell’s AI Boom

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.