Dell Technologies (NYSE:DELL) Price Target Raised to $505.00 at Wells Fargo & Company

Dell Technologies (NYSE:DELL) had its target price raised by Wells Fargo & Company from $270.00 to $505.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other analysts have also recently commented on the company. Citigroup upped their price target on Dell Technologies from $290.00 to $475.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen upped their price target on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler increased their target price on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Evercore increased their target price on Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $421.00.

Dell Technologies Trading Up 32.8%

Shares of NYSE:DELL opened at $420.96 on Friday. The stock has a market capitalization of $271.83 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.16 and a beta of 0.99. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $429.15. The business has a 50-day moving average price of $216.82 and a two-hundred day moving average price of $159.38.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $3.04 by $1.82. The firm had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a negative return on equity of 324.36% and a net margin of 6.28%.The company’s quarterly revenue was up 87.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. 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 analysts predict that Dell Technologies will post 12.21 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen Jamison Kullman sold 150,346 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director owned 65,662 shares in the company, valued at $9,529,526.06. The trade was a 69.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,571,688 shares of company stock worth $576,654,105 in the last quarter. Company insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds have recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies during the fourth quarter valued at about $25,000. Rossby Financial LCC lifted its stake in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after acquiring an additional 184 shares during the period. Portus Wealth Advisors LLC acquired a new position in shares of Dell Technologies in the first quarter worth approximately $35,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies in the fourth quarter worth approximately $29,000. Finally, Navalign LLC bought a new stake in Dell Technologies in the fourth quarter worth approximately $29,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies News Roundup

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.