Morgan Stanley Has Lowered Expectations for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price target lowered by analysts at Morgan Stanley from $111.00 to $101.00 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential downside of 15.07% from the stock’s current price.

DELL has been the topic of several other research reports. Mizuho boosted their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Bank of America lifted their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Barclays upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Thursday, January 15th. Daiwa Securities Group upped 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. Finally, Citigroup lowered their price objective on Dell Technologies from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $158.53.

Dell Technologies Stock Up 1.8%

Shares of DELL opened at $118.92 on Wednesday. The firm’s fifty day moving average is $121.50 and its two-hundred day moving average is $132.30. The stock has a market cap of $78.81 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. Dell Technologies has a 52-week low of $66.25 and a 52-week high of $168.08.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. The company 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%. Dell Technologies’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior 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, research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Transactions at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total transaction of $9,806,520.00. Following the completion of the transaction, the director directly owned 1,172,428 shares in the company, valued at $161,935,755.36. This trade represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Dell Technologies during the fourth quarter worth $607,349,000. Wellington Management Group LLP increased its holdings in Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after purchasing an additional 2,937,137 shares during the period. Invesco Ltd. raised its position in Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock valued at $919,051,000 after purchasing an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation boosted its stake in shares of Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after buying an additional 2,258,797 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock worth $283,052,000 after buying an additional 1,685,529 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Key Dell Technologies News

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

• Positive Sentiment: Evercore added DELL to its Tactical Outperform list ahead of earnings, signaling short-term analyst conviction into the report. Read More.
• Positive Sentiment: Seeking Alpha published a bullish margin/valuation thesis arguing upside (claims math supports ~50% upside), which can attract buy-side interest and momentum traders. Read More.
• Positive Sentiment: Dell announced a collaboration with Ooredoo to advance AI innovation — a commercial/technology win that supports its AI server and services narrative. Read More.
• Positive Sentiment: Market coverage pieces note DELL is outperforming the broader market today; that flow can reinforce the rally as traders chase strength ahead of earnings. Read More.
• Neutral Sentiment: Dell will present at the Morgan Stanley TMT conference on March 4 (CFO fireside chat) — an upcoming catalyst where management can clarify margins, AI demand and guidance. Read More.
• Neutral Sentiment: Zacks previews the earnings setup and flags that Dell may not have the optimal mix of factors for a clear beat, underlining event risk into the print. Read More.
• Negative Sentiment: Morgan Stanley cut its price target to $101 and kept an underweight — a materially more bearish stance that can pressure sentiment and selling by funds tracking analyst views. Read More.
• Negative Sentiment: JPMorgan trimmed its price target to $155 (though it stayed overweight); and Citigroup lowered its PT to $160 — multiple PT cuts narrow analyst-implied upside. Read More. Read More.
• Negative Sentiment: Comparisons with AI-server peer SMCI highlight competitive pressure and margin differentials, a theme investors will watch if AI server share shifts accelerate. Read More.

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.