Raymond James Financial Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Key Points

• Raymond James raised its price target on Dell Technologies from $182 to $500 and kept an outperform rating, signaling meaningful upside potential from current levels.
• Other Wall Street firms also turned more bullish, with several lifting targets to the $500-$550 range; overall, Dell now carries a Moderate Buy consensus rating.
• Dell’s latest earnings were strong, with Q1 revenue of $43.84 billion and EPS of $4.86 both beating expectations, while management raised full-year guidance and highlighted major AI server demand.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price boosted by equities research analysts at Raymond James Financial from $182.00 to $500.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has an "outperform" rating on the technology company's stock. Raymond James Financial's target price suggests a potential upside of 18.93% from the company's current price.

Other analysts also recently issued reports about the company. Sanford C. Bernstein upped their target price on Dell Technologies from $280.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday. Mizuho increased their price objective on shares of Dell Technologies from $215.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Wolfe Research started coverage on shares of Dell Technologies in a research report on Thursday, April 9th. They issued a "peer perform" rating for the company. Barclays reiterated an "overweight" rating and set a $550.00 price target on shares of Dell Technologies in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Dell Technologies from $280.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $370.33.

Dell Technologies Trading Up 32.6%

Shares of NYSE:DELL traded up $103.37 on Friday, reaching $420.42. 11,319,612 shares of the company's stock were exchanged, compared to its average volume of 8,145,133. Dell Technologies has a twelve month low of $106.38 and a twelve month high of $428.68. The company has a fifty day moving average of $211.39 and a 200-day moving average of $157.54. The company has a market capitalization of $271.49 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion during the quarter, compared to analysts' expectations of $35.74 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm's revenue for the quarter was up 87.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. 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 Buying and Selling

In other news, Director Ellen Jamison Kullman sold 150,346 shares of the company'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 in the company, valued at approximately $9,529,526.06. This represents a 69.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. 41.50% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in Dell Technologies in the 4th quarter valued at approximately $25,000. Rossby Financial LCC raised its stake in shares of Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. Navalign LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. Finally, WealthCollab LLC increased its holdings in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after purchasing an additional 114 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Key Dell Technologies News

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

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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