Dell Technologies (NYSE:DELL) Shares Up 4.2% After Analyst Upgrade

Key Points

• Dell shares rose 4.2% to $512.66 after Fox Advisors upgraded the stock to Overweight and set a $625 price target, with trading volume 141% above average.
• Analyst sentiment remains broadly positive: Dell has a “Moderate Buy” consensus rating and an average price target of $555.46, while JPMorgan and Melius Research raised their targets to $635 and $735, respectively.
• Dell reported strong AI-driven results, including 57.7% year-over-year revenue growth to $46.97 billion and record AI-server orders and backlog. However, component shortages, uncertain AI-server margins, valuation risks and substantial insider selling remain concerns.

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded up 4.2% on Thursday after Fox Advisors upgraded the stock from an equal weight rating to an overweight rating. Fox Advisors now has a $625.00 price target on the stock. Dell Technologies traded as high as $530.78 and last traded at $512.66. 20,127,319 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 8,354,781 shares. The stock had previously closed at $492.20.

Several other equities research analysts also recently commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday. Wolfe Research downgraded shares of Dell Technologies from a "peer perform" rating to a "peer perform" rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Monday. They set a "hold" rating and a $480.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Melius Research raised their price target on Dell Technologies from $650.00 to $735.00 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $555.46.

Insider Activity

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 2,022 shares of Dell Technologies stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $438.21, for a total transaction of $886,060.62. Following the transaction, the director owned 25,267 shares of the company's stock, valued at $11,072,252.07. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the firm's stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $31,160,919.24. Following the sale, the director owned 67,990 shares in the company, valued at $30,836,184.60. The trade was a 50.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,738,596 shares of company stock worth $704,346,083 in the last quarter. 41.50% of the stock is currently owned by insiders.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Record results and sharply higher guidance: Dell reported fiscal Q2 2027 revenue of $46.97 billion, up 57.7% year over year, and adjusted EPS of $7.04 versus a $4.91 consensus estimate. Management raised full-year revenue guidance to $192 billion and EPS guidance to $25.50, while forecasting third-quarter revenue of $49 billion. Dell again lifts forecasts as AI demand powers record results
• Positive Sentiment: AI backlog provides revenue visibility: AI-server orders reached a record $60.9 billion and Dell’s backlog climbed to approximately $95 billion. AI-optimized server revenue doubled to $16.4 billion, helping reinforce the view that enterprise and data-center AI spending is translating into tangible sales. Dell Stock Jumps Nearly 10% as AI Backlog Hits $95 Billion
• Positive Sentiment: Analyst support strengthened: JPMorgan raised its price target from $565 to $635 and maintained an Overweight rating. Other analysts also lifted targets, and coverage broadly characterized Dell’s execution as strong, supporting continued institutional interest. Dell’s AI Revenue More Than Doubles
• Neutral Sentiment: Broader AI infrastructure rotation: Commentary suggests rising cloud-AI costs are encouraging companies to build more on-premises infrastructure, potentially benefiting hardware integrators such as Dell. NVIDIA’s proposed $12.9 billion Hugging Face acquisition also underscores the importance of integrated AI hardware and software ecosystems, although it is not a direct Dell catalyst. NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
• Negative Sentiment: Execution risks remain: Component shortages may limit shipments, while analysts caution that AI-server margins and profitability could be less impressive than the backlog suggests. Dell’s rapid run-up also leaves valuation and profit-taking risks, with some firms retaining Hold or Neutral ratings and recent insider activity dominated by selling.

Institutional Trading of Dell Technologies

Several hedge funds have recently modified their holdings of the company. Cornerstone Financial Management LLC raised its position in Dell Technologies by 56.1% during the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Dell Technologies in the second quarter valued at about $38,000. Atwood & Palmer Inc. grew its position in shares of Dell Technologies by 860.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company's stock worth $41,000 after buying an additional 86 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Dell Technologies during the second quarter worth $43,000. Finally, Allied Private Wealth LLC acquired a new position in Dell Technologies during the 2nd quarter valued at about $63,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 4.2%

The company's 50-day moving average is $434.61 and its 200 day moving average is $304.63. The stock has a market capitalization of $332.26 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 529.54%. The firm had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The business's quarterly revenue was up 57.7% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 18.32 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's payout ratio is presently 14.63%.

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.

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