JPMorgan Chase & Co. Has Lowered Expectations for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $170.00 to $155.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 29.05% from the stock’s previous close.

A number of other research firms have also recently weighed in on DELL. Morgan Stanley lowered their price objective on shares of Dell Technologies from $111.00 to $101.00 and set an “underweight” rating for the company in a research report on Wednesday. Daiwa Securities Group boosted their price objective on Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Raymond James Financial raised their target price on Dell Technologies from $161.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Citigroup cut their price target on shares of Dell Technologies from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group started coverage on shares of Dell Technologies in a research note on Tuesday, January 13th. They issued a “buy” rating and a $165.00 price objective for the company. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.53.

Dell Technologies Stock Performance

NYSE DELL opened at $120.11 on Thursday. The company has a market cap of $79.60 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.67 and a beta of 1.03. Dell Technologies has a one year low of $66.25 and a one year high of $168.08. The business has a fifty day moving average price of $121.90 and a 200 day moving average price of $132.39.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.12. The business had revenue of $27.01 billion during the quarter, compared to the consensus estimate of $27.26 billion. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. As a group, sell-side analysts predict that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the transaction, the director owned 1,172,428 shares of the company’s stock, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

A number of institutional investors have recently bought and sold shares of the company. Phoenix Financial Ltd. increased its holdings in Dell Technologies by 95.3% in the third quarter. Phoenix Financial Ltd. now owns 33,792 shares of the technology company’s stock valued at $4,923,000 after buying an additional 16,488 shares during the last quarter. Stonegate Investment Group LLC increased its holdings in shares of Dell Technologies by 24,493.8% in the 3rd quarter. Stonegate Investment Group LLC now owns 411,946 shares of the technology company’s stock valued at $58,402,000 after acquiring an additional 410,271 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Dell Technologies by 637.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 19,333 shares of the technology company’s stock valued at $2,741,000 after acquiring an additional 16,711 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Dell Technologies during the third quarter worth $7,060,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dell Technologies by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 273,850 shares of the technology company’s stock worth $40,990,000 after purchasing an additional 12,695 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell announced an AI partnership with Ooredoo to advance AI solutions and deepen cooperation — a revenue/market‑share catalyst if it drives telecom cloud and AI deployments. Dell Technologies and Ooredoo collaborate to advance AI innovation and deepen cooperation
• Positive Sentiment: McLaren Racing extended its relationship with Dell, highlighting continued brand, engineering and high‑performance computing exposure that supports commercial and marketing momentum. McLaren Racing Extends Relationship with Dell Technologies to Accelerate Performance On and Off the Track
• Positive Sentiment: Partner and OEM wins: 6WIND announced a second‑generation VSR appliance built on Dell PowerEdge servers, reinforcing PowerEdge demand in carrier and edge use cases. 6WIND Announces Second-Generation VSR Appliance Built on Dell PowerEdge Servers with Intel Xeon 6
• Positive Sentiment: Product validation: a Principled Technologies report claims a Dell Pro 14 outperformed peers in real‑world AI PC use cases, which can help commercial PC ASPs and corporate procurement wins. In real-world use cases, a Dell Pro 14 outperformed HP and Lenovo AI PCs, according to a Principled Technologies report
• Positive Sentiment: Local investment: reports say Dell is considering an ~$8M upgrade to its Round Rock campus — modest capex but positive for workforce and R&D continuity. Dell eying $8M upgrade to Round Rock campus
• Neutral Sentiment: Investor events: CFO David Kennedy will present at the Morgan Stanley TMT conference on March 4 — a scheduled chance for management to update on AI demand, margins and guidance execution. Dell Technologies to Present at Investor Conference in March
• Neutral Sentiment: Analyst context: Citigroup trimmed its price target from $165 to $160 but left a buy rating — a mild signal that upside is still seen but expectations were nudged lower. Citigroup Lowers Dell Technologies (NYSE:DELL) Price Target to $160.00
• Neutral Sentiment: Analyst/peer comparison pieces (DELL vs SMCI) and valuation write‑ups are appearing; these highlight competitive pressure in AI servers and differing margin profiles — useful for longer‑term positioning but not immediate catalysts. DELL vs. SMCI: Which AI-Server Stock Offers Better Growth Opportunity?
• Negative Sentiment: Morgan Stanley cut its price target to $101 and kept an “underweight” rating — a stronger near‑term negative that signals analyst concern on margins and AI server competition and could pressure the stock if others follow. Morgan Stanley adjusts price target on Dell Technologies to $101 from $111, maintains underweight

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.