Dell Technologies (NYSE:DELL) Price Target Lowered to $160.00 at Citigroup

Dell Technologies (NYSE:DELL) had its price target dropped by investment analysts at Citigroup from $165.00 to $160.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 37.44% from the company’s current price.

Other equities research analysts have also issued reports about the company. Bank of America raised their target price on Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, January 21st. Daiwa Securities Group increased their target price on shares of Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group began coverage on shares of Dell Technologies in a research note on Tuesday, January 13th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Barclays upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Thursday, January 15th. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.00.

Dell Technologies Price Performance

NYSE DELL opened at $116.41 on Tuesday. The company has a fifty day moving average price of $122.82 and a 200-day moving average price of $132.58. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $168.08. The firm has a market cap of $77.15 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.68 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The business had revenue of $27.01 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the prior year, the firm posted $2.15 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. 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. On average, research analysts anticipate that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Activity

In related news, Director Egon Durban sold 71,000 shares of the firm’s stock in a transaction 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 directly owned 1,172,428 shares of the company’s stock, valued at approximately $161,935,755.36. This trade represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently modified their holdings of DELL. Armstrong Advisory Group Inc. boosted its holdings in Dell Technologies by 3.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,829 shares of the technology company’s stock valued at $259,000 after acquiring an additional 63 shares during the period. Flagship Harbor Advisors LLC lifted its stake in Dell Technologies by 1.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock valued at $789,000 after acquiring an additional 71 shares during the period. Westside Investment Management Inc. increased its stake in shares of Dell Technologies by 35.8% in the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock worth $43,000 after acquiring an additional 78 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Dell Technologies by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock worth $3,067,000 after purchasing an additional 78 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Dell Technologies by 2.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,559 shares of the technology company’s stock valued at $504,000 after purchasing an additional 81 shares during the period. 76.37% of the stock is currently owned by 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.