Dell Technologies (NYSE:DELL) Given New $475.00 Price Target at Citigroup

Dell Technologies (NYSE:DELL) had its target price upped by Citigroup from $290.00 to $475.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also weighed in on DELL. Evercore boosted their target price on shares of Dell Technologies from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Weiss Ratings raised shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $215.00 to $230.00 in a report on Thursday, April 30th. TD Cowen boosted their price target on shares of Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday. Finally, Mizuho boosted their price target on shares of Dell Technologies from $215.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $421.00.

Dell Technologies Price Performance

DELL stock opened at $420.96 on Friday. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $429.15. The firm has a fifty day moving average price of $216.82 and a two-hundred day moving average price of $159.38. The firm has a market cap of $271.83 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.16 and a beta of 0.99.

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 $3.04 by $1.82. Dell Technologies had a net margin of 6.28% and a negative return on equity of 324.36%. The firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up 87.5% compared to the same quarter last year. 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, analysts expect that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David Alan Kennedy sold 19,500 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $176.81, for a total transaction of $67,541,420.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Corporate insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of DELL. Providence Capital Advisors LLC purchased a new stake in Dell Technologies during the third quarter valued at about $7,060,000. Campbell Capital Management Inc. lifted its stake in Dell Technologies by 34.0% during the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock valued at $10,094,000 after buying an additional 20,362 shares in the last quarter. Lingohr Asset Management GmbH lifted its stake in Dell Technologies by 733.9% during the third quarter. Lingohr Asset Management GmbH now owns 58,898 shares of the technology company’s stock valued at $8,320,000 after buying an additional 51,835 shares in the last quarter. ProShare Advisors LLC lifted its stake in Dell Technologies by 10.5% during the fourth quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after buying an additional 7,642 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in Dell Technologies by 54.3% during the third quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company’s stock valued at $5,886,000 after buying an additional 14,604 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

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.