Dell Technologies (NYSE:DELL) Upgraded to “Strong-Buy” at Wall Street Zen

Dell Technologies (NYSE:DELL) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other analysts have also recently issued reports on DELL. Evercore raised their price objective on Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings raised Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Loop Capital raised their price objective on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler raised their price objective on Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group set a $700.00 price objective on Dell Technologies in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $421.00.

Dell Technologies Stock Up 32.8%

DELL opened at $420.96 on Friday. Dell Technologies has a 12-month low of $106.38 and a 12-month high of $429.15. The stock 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. The business has a 50 day moving average of $216.82 and a 200-day moving average of $159.38.

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

Insider Activity

In other Dell Technologies news, COO Jeffrey W. Clarke sold 116,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the sale, the chief operating officer directly owned 1,687,414 shares in the company, valued at $307,919,306.72. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William F. Scannell sold 143,067 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the sale, the insider owned 21,779 shares in the company, valued at $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,571,688 shares of company stock valued at $576,654,105. Company insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of the business. Asset Dedication LLC raised its holdings in shares of Dell Technologies by 1.7% during the 1st quarter. Asset Dedication LLC now owns 4,291 shares of the technology company’s stock worth $704,000 after buying an additional 73 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of Dell Technologies by 2.6% during the 1st quarter. Groupama Asset Managment now owns 2,902 shares of the technology company’s stock worth $476,000 after buying an additional 73 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth $5,930,000. BankChampaign National Association acquired a new position in shares of Dell Technologies during the 1st quarter worth $595,000. Finally, Liontrust Investment Partners LLP acquired a new position in shares of Dell Technologies during the 1st quarter worth $653,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies News Summary

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

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.