The Goldman Sachs Group Raises Dell Technologies (NYSE:DELL) Price Target to $155.00

Key Points

• The Goldman Sachs Group has raised its price target for Dell Technologies from $150.00 to $155.00, suggesting a potential upside of 12.56% from the company's previous close.
• In addition to Goldman Sachs, other firms like Barclays, Morgan Stanley, and Citigroup have also increased their price targets for Dell, maintaining a generally positive view with multiple "buy" or "overweight" ratings.
• Despite a significant earnings beat, insiders have sold over 3.2 million shares of Dell Technologies stock in recent transactions, indicating mixed sentiment among executives.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target upped by equities research analysts at The Goldman Sachs Group from $150.00 to $155.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 12.56% from the company's previous close.

DELL has been the topic of a number of other research reports. Barclays raised their price target on shares of Dell Technologies from $131.00 to $133.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 17th. Morgan Stanley lifted their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Citigroup lifted their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. UBS Group lifted their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research note on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.50.

Dell Technologies Stock Up 2.8%

Shares of NYSE:DELL opened at $137.70 on Tuesday. The stock has a market cap of $92.59 billion, a PE ratio of 20.22, a PEG ratio of 0.90 and a beta of 1.01. The company's fifty day moving average is $130.48 and its 200 day moving average is $113.85. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm's revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. Sell-side analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In related news, Director William D. Green sold 50,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director owned 45,045 shares of the company's stock, valued at $6,306,300. This represents a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,204,462 shares of company stock worth $420,370,484. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after buying an additional 901 shares during the period. Versant Capital Management Inc increased its stake in Dell Technologies by 74.2% in the 1st quarter. Versant Capital Management Inc now owns 547 shares of the technology company's stock worth $50,000 after buying an additional 233 shares during the period. GAMMA Investing LLC increased its stake in Dell Technologies by 17,655.6% in the 1st quarter. GAMMA Investing LLC now owns 539,061 shares of the technology company's stock worth $49,135,000 after buying an additional 536,025 shares during the period. Parallel Advisors LLC grew its holdings in Dell Technologies by 8.3% during the 1st quarter. Parallel Advisors LLC now owns 6,363 shares of the technology company's stock worth $580,000 after acquiring an additional 487 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Dell Technologies by 6.2% during the 1st quarter. Rhumbline Advisers now owns 674,883 shares of the technology company's stock worth $61,515,000 after acquiring an additional 39,619 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Company Profile

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.