Susquehanna Upgrades Dell Technologies (NYSE:DELL) to Positive

Key Points

• Susquehanna upgraded Dell Technologies from “neutral” to “positive,” adding to a broadly constructive analyst backdrop for the stock.
• Dell’s latest quarterly results were well above expectations, with EPS and revenue both topping estimates as AI server demand remained strong. Management also raised full-year guidance, signaling a bigger earnings opportunity ahead.
• Despite the upbeat outlook, Dell faces some supply constraints and memory-chip shortages that could slow how quickly it converts demand into revenue.

Dell Technologies (NYSE:DELL - Get Free Report) was upgraded by investment analysts at Susquehanna from a "neutral" rating to a "positive" rating in a report issued on Friday.

DELL has been the subject of several other research reports. Sanford C. Bernstein reissued an "outperform" rating and set a $280.00 price target on shares of Dell Technologies in a research report on Wednesday, May 20th. Bank of America reissued a "buy" rating on shares of Dell Technologies in a research report on Friday. Citigroup raised their price target on Dell Technologies from $180.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on Dell Technologies from $205.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Finally, UBS Group restated a "neutral" rating and set a $440.00 price objective on shares of Dell Technologies in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $255.35.

Dell Technologies Stock Performance

Dell Technologies stock opened at $318.22 on Friday. The stock has a fifty day moving average of $211.39 and a two-hundred day moving average of $157.54. The company has a market capitalization of $205.49 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 1.12 and a beta of 0.99. Dell Technologies has a fifty-two week low of $106.38 and a fifty-two week high of $327.73.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during 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%.Dell Technologies's revenue was up 87.5% compared to the same quarter last year. During the same quarter last year, the business 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. On average, analysts forecast that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total transaction of $74,883,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction dated Friday, March 6th. The stock was 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 $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,571,688 shares of company stock worth $576,654,105 over the last quarter. 41.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the period. Sivia Capital Partners LLC purchased a new stake in Dell Technologies during the second quarter valued at about $328,000. Marshall Wace LLP purchased a new stake in Dell Technologies during the second quarter valued at about $809,000. Gamco Investors INC. ET AL grew its position in Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock valued at $819,000 after acquiring an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC grew its position in Dell Technologies by 147.2% during the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock valued at $7,112,000 after acquiring an additional 34,538 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell reported record Q1 revenue and earnings that beat analyst estimates by a wide margin, reinforcing that demand for its AI servers remains exceptionally strong.
• Positive Sentiment: Management raised full-year revenue and profit guidance, which suggests the current AI buildout is translating into a much larger earnings opportunity than previously expected.
• Positive Sentiment: AI-optimized server revenue surged, and the company said it booked large AI orders, supporting the view that Dell is becoming a major beneficiary of AI infrastructure spending.
• Neutral Sentiment: Dell also won a $9.7 billion Pentagon software contract, which adds to investor optimism, though the earnings beat and guidance raise appear to be the main drivers of the stock move.
• Negative Sentiment: Management noted supply constraints and a memory-chip crunch, which could limit how quickly Dell can convert demand into revenue if component shortages persist.

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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