Evercore Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Key Points

• Evercore raised its price target on Dell to $240 (from $205) and retained an "outperform" rating, implying roughly a 12% upside, while other analysts lifted targets and the consensus remains a "Moderate Buy."
• Dell posted a strong quarter—$3.89 EPS vs. $3.53 expected and revenue of $33.38B (up 39.5% YoY)—and analysts cite accelerating AI-server demand (including a $1.44B Boost Run order) as the catalyst for recent upgrades and stock momentum.
• Despite positive fundamentals and heavy institutional ownership, insiders have sold large positions recently (about 3.57 million shares worth ~$577M in the last 90 days), which could concern some investors.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price hoisted by Evercore from $205.00 to $240.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an "outperform" rating on the technology company's stock. Evercore's price target indicates a potential upside of 12.05% from the company's previous close.

A number of other equities research analysts have also commented on the stock. Weiss Ratings raised shares of Dell Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, April 16th. Mizuho upped their target price on Dell Technologies from $180.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, April 6th. Bank of America increased their price target on Dell Technologies from $172.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Truist Financial assumed coverage on Dell Technologies in a research report on Tuesday, March 31st. They set a "hold" rating and a $170.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.53.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $214.20 on Wednesday. Dell Technologies has a 52 week low of $86.76 and a 52 week high of $217.39. The stock has a market capitalization of $138.32 billion, a P/E ratio of 24.58, a PEG ratio of 0.86 and a beta of 0.88. The stock's fifty day moving average is $157.84 and its 200 day moving average is $142.04.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion for the quarter, compared to analyst estimates 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 was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Equities research analysts forecast that Dell Technologies will post 11.9 earnings per share for the current year.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the company's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the firm's stock in a transaction on Friday, March 6th. The shares were 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 directly owned 65,662 shares of the company's stock, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the business. Phoenix Financial Ltd. grew its holdings in shares of Dell Technologies by 95.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 33,792 shares of the technology company's stock valued at $4,923,000 after purchasing an additional 16,488 shares during the last quarter. Stonegate Investment Group LLC increased its stake in Dell Technologies by 24,493.8% in the 3rd quarter. Stonegate Investment Group LLC now owns 411,946 shares of the technology company's stock worth $58,402,000 after purchasing an additional 410,271 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in Dell Technologies by 637.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 19,333 shares of the technology company's stock valued at $2,741,000 after purchasing an additional 16,711 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Dell Technologies during the third quarter valued at approximately $7,060,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Dell Technologies by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 273,850 shares of the technology company's stock worth $40,990,000 after purchasing an additional 12,695 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

More Dell Technologies News

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

• Positive Sentiment: Dell landed a large AI infrastructure order — a $1.44 billion purchase agreement with Boost Run to supply AI compute and storage, a direct revenue and backlog boost that underpins near-term server demand. Dell Signs $1.4 Billion AI Deal. Its Stock Is on Pace for Record Closing High.
• Positive Sentiment: Analysts raised price targets and reiterated buy calls citing accelerating AI-server demand (notes from Melius, Citigroup and others), which acted as a catalyst for the rally. Dell shares rise as analysts lift price targets on AI-server demand momentum
• Positive Sentiment: Zacks upgraded DELL to a Strong Buy (Zacks Rank #1) and included it on momentum lists — a formal upgrade that can attract retail/institutional flows. Zacks.com
• Positive Sentiment: Coverage pieces highlighting Dell’s valuation and AI-server backlog (30-day share gains, strong revenue/net income) reinforced the narrative that Dell is a primary AI infrastructure beneficiary. Assessing Dell Technologies (DELL) Valuation After Strong Share Price Momentum And AI Server Optimism
• Neutral Sentiment: Reports that NVIDIA may pursue a major PC maker (HP or Dell cited) have drawn attention but remain unconfirmed — possible strategic implications but high uncertainty. Potential NVIDIA Deal Puts Fresh Focus On HP’s AI PC Future
• Neutral Sentiment: High-profile philanthropy from Michael and Susan Dell (major UT Austin donation) is positive PR but unlikely to move fundamentals; it may modestly support sentiment. Michael and Susan Dell to donate $750 million to UT Austin to fund new medical campus
• Negative Sentiment: Insider selling has been heavy recently (multiple execs and large shareholder entities have sold sizable positions), which can concern some investors about insider conviction even as the company grows. Dell shares rise as analysts lift price targets on AI-server demand momentum
• Negative Sentiment: CFO and other insiders recently trimmed holdings (CFO David Kennedy notably reduced his stake), a potentially negative signal for some investors watching insider activity. CFO David Kennedy Just Cut His Dell Stock Stake by Nearly 10%. Is That a Sign You Should Sell Too?

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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