JPMorgan Chase & Co. Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Key Points

• JPMorgan raised its price target on Dell Technologies from $280 to $500 and kept an overweight rating, implying about 18.9% upside from the prior close.
• Other analysts also turned more bullish on Dell, including Barclays, Zacks Research, Argus, and Morgan Stanley, with the stock now carrying an average Moderate Buy rating and a mean target of $370.33.
• Dell shares surged 32.6% to $420.42 after strong quarterly results: EPS of $4.86 beat estimates and revenue jumped 87.5% year over year to $43.84 billion.

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $280.00 to $500.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 18.93% from the stock's previous close.

Several other equities research analysts have also recently commented on the stock. Barclays reiterated an "overweight" rating and issued a $550.00 price target on shares of Dell Technologies in a research report on Friday. Zacks Research upgraded shares of Dell Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. Argus boosted their target price on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen lowered shares of Dell Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Finally, Morgan Stanley upgraded shares of Dell Technologies from an "underweight" rating to a "buy" rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $370.33.

Dell Technologies Stock Up 32.6%

NYSE DELL traded up $103.37 on Friday, reaching $420.42. 11,319,612 shares of the stock traded hands, compared to its average volume of 8,145,133. The firm's fifty day simple moving average is $211.39 and its 200 day simple moving average is $157.54. The company has a market cap of $271.49 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 1.12 and a beta of 0.99. Dell Technologies has a 12 month low of $106.38 and a 12 month high of $428.68.

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

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 143,067 shares of the company's stock in a transaction dated 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 completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $229,561.88. Following the completion of the transaction, the chief accounting officer owned 8,030 shares of the company's stock, valued at approximately $1,198,557.80. The trade was a 16.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

A number of hedge funds have recently modified their holdings of DELL. Providence Capital Advisors LLC bought a new position in Dell Technologies in the 3rd quarter valued at $7,060,000. Campbell Capital Management Inc. increased its stake in shares of Dell Technologies by 34.0% in the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company's stock valued at $10,094,000 after buying an additional 20,362 shares in the last quarter. Lingohr Asset Management GmbH raised its holdings in shares of Dell Technologies by 733.9% in the third quarter. Lingohr Asset Management GmbH now owns 58,898 shares of the technology company's stock valued at $8,320,000 after buying an additional 51,835 shares during the last quarter. ProShare Advisors LLC lifted its position in Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company's stock worth $10,157,000 after buying an additional 7,642 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in Dell Technologies by 54.3% during the 3rd quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company's stock worth $5,886,000 after acquiring an additional 14,604 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Key Headlines 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.

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