Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Bank of America Analyst Says

Dell Technologies (NYSE:DELL) had its price target lifted by equities research analysts at Bank of America from $246.00 to $280.00 in a research report issued to clients and investors on Monday,MarketScreener reports. Bank of America‘s price target indicates a potential upside of 16.65% from the company’s current price.

DELL has been the topic of several other reports. Morgan Stanley increased their price target on shares of Dell Technologies from $101.00 to $110.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Mizuho raised their target price on Dell Technologies from $215.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. UBS Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $167.00 to $243.00 in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.58.

Dell Technologies Stock Performance

DELL opened at $240.04 on Monday. The company’s 50-day simple moving average is $188.45 and its two-hundred day simple moving average is $149.97. Dell Technologies has a 52-week low of $106.38 and a 52-week high of $263.99. The stock has a market capitalization of $155.01 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.98 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company had revenue of $33.38 billion for the quarter, compared to the consensus estimate of $31.60 billion. During the same quarter in the prior year, the firm earned $2.68 earnings per share. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Research analysts forecast that Dell Technologies will post 11.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in the stock. Phoenix Financial Ltd. increased its position in Dell Technologies by 95.3% during the 3rd 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 in the last quarter. Stonegate Investment Group LLC increased its holdings in shares of Dell Technologies by 24,493.8% during the third 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 in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Dell Technologies by 637.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 19,333 shares of the technology company’s stock worth $2,741,000 after purchasing an additional 16,711 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in Dell Technologies during the 3rd quarter worth approximately $7,060,000. Finally, Campbell Capital Management Inc. increased its stake in Dell Technologies by 34.0% during the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock valued at $10,094,000 after purchasing an additional 20,362 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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.