Dell Technologies (NYSE:DELL) Price Target Raised to $450.00 at Evercore

Dell Technologies (NYSE:DELL) had its target price lifted by Evercore from $270.00 to $450.00 in a research report released on Friday morning,MarketScreener reports. The firm currently has an outperform rating on the technology company’s stock.

Several other analysts also recently weighed in on the stock. Susquehanna raised shares of Dell Technologies from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $138.00 to $700.00 in a research note on Friday. Raymond James Financial lifted their price objective on Dell Technologies from $182.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group reissued a “neutral” rating and issued a $440.00 target price on shares of Dell Technologies in a research note on Friday. TD Cowen raised their price target on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Piper Sandler lifted their price target on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research note on Friday. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $421.00.

Dell Technologies Price Performance

NYSE:DELL opened at $420.96 on Friday. The company has a market capitalization of $271.83 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.16 and a beta of 0.99. The business has a 50 day moving average of $216.82 and a 200 day moving average of $159.38. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $429.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $1.82. The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 324.36%. The business’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period last 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, sell-side analysts anticipate that Dell Technologies will post 12.21 EPS for the current year.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total transaction of $74,883,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Jamison Kullman sold 150,346 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the transaction, the director owned 65,662 shares of the company’s stock, valued at approximately $9,529,526.06. This represents a 69.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,571,688 shares of company stock valued at $576,654,105 in the last ninety days. 41.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new position in Dell Technologies during the 3rd quarter valued at $7,060,000. Campbell Capital Management Inc. raised its position in shares of Dell Technologies by 34.0% in the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after acquiring an additional 20,362 shares in the last quarter. Lingohr Asset Management GmbH raised its position in shares of Dell Technologies by 733.9% in the 3rd quarter. Lingohr Asset Management GmbH now owns 58,898 shares of the technology company’s stock worth $8,320,000 after acquiring an additional 51,835 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Dell Technologies by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after acquiring an additional 7,642 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of Dell Technologies by 54.3% in the 3rd quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company’s stock worth $5,886,000 after acquiring an additional 14,604 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: 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.