Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Bank of America Analyst Says

Key Points

• Bank of America raised its price target on Dell to $246 from $205—implying about an 18.65% upside—citing agentic AI-driven CPU/server demand that should boost Dell’s server, storage and services mix.
• Multiple firms (Goldman Sachs, Raymond James, Evercore, etc.) have also lifted targets and ratings, leaving a MarketBeat consensus of “Moderate Buy” with an average price target of $183.68; shares trade near $207 with a market cap of ~$133.9B and a 52-week high of $221.50.
• Dell recently beat estimates with Q earnings of $3.89 EPS (vs. $3.53 expected) and revenue of $33.38B (vs. $31.60B), with revenue up 39.5% year-over-year and management setting Q1 and FY 2027 EPS guidance at 2.90 and 12.90, respectively.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target boosted by equities research analysts at Bank of America from $205.00 to $246.00 in a report released on Monday,MarketScreener reports. Bank of America's target price would suggest a potential upside of 18.65% from the company's previous close.

Several other analysts have also commented on DELL. Raymond James Financial lifted their price objective on shares of Dell Technologies from $166.00 to $182.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 21st. The Goldman Sachs Group boosted their target price on Dell Technologies from $195.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Daiwa Securities Group raised their price objective on shares of Dell Technologies from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Finally, Evercore boosted their price objective on shares of Dell Technologies from $205.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $183.68.

Dell Technologies Stock Performance

Shares of DELL stock opened at $207.34 on Monday. Dell Technologies has a 52-week low of $86.76 and a 52-week high of $221.50. The company has a 50-day simple moving average of $163.76 and a two-hundred day simple moving average of $143.23. The company has a market capitalization of $133.89 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.88 and a beta of 0.88.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The business's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, sell-side analysts forecast that Dell Technologies will post 11.9 EPS for the current fiscal year.

Insider Transactions at Dell Technologies

In other news, Director Ellen Jamison Kullman sold 150,346 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the transaction, the director owned 65,662 shares in the company, valued at approximately $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total transaction of $74,883,300.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 over the last quarter. Company insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Dell Technologies during the fourth quarter valued at $607,349,000. Wellington Management Group LLP boosted its holdings in shares of Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock valued at $426,129,000 after acquiring an additional 2,937,137 shares during the last quarter. Invesco Ltd. grew its stake 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 during the period. Michael & Susan Dell Foundation boosted its holdings in Dell Technologies by 533.3% in the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company's stock worth $337,652,000 after purchasing an additional 2,258,797 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Dell Technologies by 541.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company's stock valued at $283,052,000 after buying an additional 1,685,529 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: BofA raises targets, saying agentic AI will drive a new wave of CPU/server demand and benefits Dell’s server, storage and services mix — this upgrades the sales/capital-cycle thesis and supports higher multiples. Dell (DELL) and HPE Stock Price Targets Lifted by BofA on Agentic AI Surge
• Positive Sentiment: Multiple outlets report BofA’s note and attendant target lifts — this reinforces momentum trading and institutional re-rating as investors rotate into AI-capable hardware names. BofA lifts Dell, HPE targets on agentic AI demand surge
• Positive Sentiment: Dell stock hit an all-time high as analysts boosted AI-driven targets — short-term sentiment and momentum flows are attracting buyers and validating the AI hardware growth narrative. Dell Technologies stock hits all-time high at 219.5 USD
• Positive Sentiment: EuroHPC JU awarded a contract to Dell and E4 Computer Engineering for the IT4LIA AI supercomputer — a high-profile win that can translate into near-term revenue, referenceability for future HPC/AI orders, and enterprise credibility in Europe. EuroHPC JU signs deal with Dell and E4 Computer Engineering for IT4LIA AI supercomputer
• Neutral Sentiment: Broader coverage questions whether Wall Street’s bullish consensus (average brokerage recommendations) is an actionable buy signal — useful context for risk-aware investors assessing valuation after the run-up. Should You Invest in Dell Technologies (DELL) Based on Bullish Wall Street Views?
• Neutral Sentiment: Coverage highlighting Dell among two names set to benefit from agentic-AI-driven CPU intensity reiterates the thematic case but is higher-level — confirms tailwinds rather than delivering new company-specific data. These 2 stocks are set to benefit as Agentic AI lifts CPU intensity
• Neutral Sentiment: Feedonomics’ agentic catalog export functionality mentions merchants (including Dell) preparing agent-ready product data — a distribution/commerce-level angle that may modestly expand sales channels but is not a material earnings catalyst. Feedonomics Unlocks Agentic Discovery with Agentic Catalog Exports

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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