TD Cowen Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Key Points

• TD Cowen raised its target price for Dell Technologies from $125.00 to $130.00 but maintains a "hold" rating, suggesting a possible downside of 3.47% from its current price.
• JPMorgan and Mizuho have both increased their target prices to $145.00, indicating a more optimistic outlook, while the consensus price target is currently set at $145.53.
• Dell Technologies reported earnings of $2.32 per share for its last quarter, beating expectations and reflecting a 19.0% revenue increase compared to the previous year.

Dell Technologies (NYSE:DELL - Get Free Report) had its target price lifted by research analysts at TD Cowen from $125.00 to $130.00 in a research note issued on Friday, Marketbeat.com reports. The firm presently has a "hold" rating on the technology company's stock. TD Cowen's price objective would suggest a potential downside of 3.47% from the stock's current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Mizuho upped their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. UBS Group reiterated a "buy" rating and set a $155.00 price target on shares of Dell Technologies in a report on Friday. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $145.53.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $134.68 on Friday. The stock's fifty day moving average is $129.10 and its 200 day moving average is $110.37. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66. The stock has a market capitalization of $91.42 billion, a P/E ratio of 21.48, a PEG ratio of 0.92 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Equities research analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. Company insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DELL. Asset Dedication LLC boosted its position in shares of Dell Technologies by 2.0% during the second quarter. Asset Dedication LLC now owns 4,318 shares of the technology company's stock worth $529,000 after acquiring an additional 84 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of Dell Technologies by 1.0% in the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company's stock worth $1,098,000 after buying an additional 88 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Dell Technologies by 3.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company's stock valued at $274,000 after buying an additional 90 shares in the last quarter. Vanguard Capital Wealth Advisors increased its stake in Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after acquiring an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in shares of Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company's stock worth $261,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.