Dell Technologies (NYSE:DELL) Sets New 12-Month High – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) reached a new 52-week high during trading on Thursday . The stock traded as high as $504.50 and last traded at $512.6040, with a volume of 498804 shares traded. The stock had previously closed at $484.50.

More Dell Technologies News

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

• Positive Sentiment: Wells Fargo raised its Dell price target to $545 from $505, citing strong AI hardware demand and recent earnings evidence that infrastructure spending remains robust. The upgrade supports the bullish case for Dell Technologies (DELL). Earnings Prove AI Hardware Demand Is Strong. That’s Good News for Dell Stock.
• Positive Sentiment: Strong results from Lenovo and Super Micro Computer reinforced expectations for sustained AI-server demand. Lenovo reportedly expanded its AI-server pipeline to approximately $54 billion, while Super Micro highlighted a record backlog, benefiting Dell as a major server supplier. Dell Rallies After Lenovo’s AI Server Pipeline Hits $54 Billion
• Positive Sentiment: Analysts and market commentary continue to point to Dell’s AI-infrastructure positioning, data-center growth and reported $43 billion backlog as support for future results. Dell’s latest quarterly report also significantly exceeded consensus estimates, providing momentum heading into its next earnings report, scheduled for September 3. 3 AI Infrastructure Stocks Powering the Data Center Boom in August
• Neutral Sentiment: Articles note that Dell has nearly quadrupled in 2026 and recently reached a record high. The rally confirms strong investor enthusiasm but also raises the question of whether much of the AI-growth outlook is already reflected in the stock. Dell Stock Has Nearly Quadrupled in 2026. Is It Too Late to Buy?
• Negative Sentiment: Profit-taking and valuation concerns may be weighing on the shares after the unusually large advance. Dell trades at a relatively elevated earnings multiple, making the stock more sensitive to any slowdown in AI orders, margin pressure or disappointing guidance.
• Negative Sentiment: The U.S. announcement of a 100% tariff on Chinese drone technology could increase geopolitical and supply-chain uncertainty for technology companies, although the direct impact on Dell’s core server business is unclear. U.S. Announces 100% Tariff on Chinese Drone Technology

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DELL shares. TD Cowen boosted their price objective on shares of Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday, May 29th. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Melius Research set a $565.00 target price on shares of Dell Technologies in a research report on Friday, May 29th. Citic Securities increased their price target on Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, Citigroup upped their price objective on Dell Technologies from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.33.

Dell Technologies Stock Performance

The stock has a market cap of $318.66 billion, a P/E ratio of 39.05, a P/E/G ratio of 1.03 and a beta of 1.33. The business’s 50-day moving average price is $421.83 and its 200-day moving average price is $272.78.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, beating the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.Dell Technologies’s quarterly revenue was up 87.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 18.17 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies’s dividend payout ratio (DPR) is currently 20.02%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 59,492 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $26,982,001.68. Following the sale, the director owned 89,222 shares in the company, valued at $40,465,745.88. The trade was a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 16,679 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $396.37, for a total value of $6,611,055.23. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,434,758 shares of company stock worth $1,448,870,683. 41.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Accel Wealth Management grew its holdings in shares of Dell Technologies by 2.8% in the second quarter. Accel Wealth Management now owns 1,421 shares of the technology company’s stock worth $613,000 after purchasing an additional 39 shares during the last quarter. Ariadne Wealth Management LP boosted its position in Dell Technologies by 1.6% in the 1st quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after buying an additional 49 shares during the period. Bell Investment Advisors Inc grew its stake in Dell Technologies by 19.3% in the 1st quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after acquiring an additional 52 shares in the last quarter. Vectors Research Management LLC grew its stake in Dell Technologies by 0.4% in the 1st quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock worth $2,404,000 after acquiring an additional 55 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Dell Technologies by 6.9% during the first quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock worth $171,000 after acquiring an additional 67 shares during the period. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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.