Sanford C. Bernstein Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective upped by Sanford C. Bernstein from $280.00 to $500.00 in a report issued on Friday morning,MarketScreener reports. They currently have an outperform rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Daiwa Securities Group lifted their target price on shares of Dell Technologies from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $180.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Mizuho lifted their target price on shares of Dell Technologies from $215.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Raymond James Financial lifted their target price on shares of Dell Technologies from $166.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Piper Sandler lifted their target price on shares of Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $421.00.

Dell Technologies Stock Up 32.8%

Dell Technologies stock opened at $420.96 on Friday. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $429.15. The company’s 50 day moving average price is $216.82 and its two-hundred day moving average price is $159.38. The stock has a market cap 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 (NYSE:DELL) last posted its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $35.74 billion. During the same quarter last year, the firm earned $1.55 EPS. The company’s quarterly revenue 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. On average, equities analysts anticipate that Dell Technologies will post 12.21 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Richard Troy Sharp sold 1,538 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total transaction of $229,561.88. Following the sale, the chief accounting officer owned 8,030 shares of the company’s stock, valued at $1,198,557.80. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Alan Kennedy sold 19,500 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the transaction, the chief financial officer owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,571,688 shares of company stock worth $576,654,105. Company insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Asset Dedication LLC grew its position 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 valued at $704,000 after purchasing an additional 73 shares in the last quarter. Groupama Asset Managment grew its position in Dell Technologies by 2.6% in the first quarter. Groupama Asset Managment now owns 2,902 shares of the technology company’s stock worth $476,000 after acquiring an additional 73 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Dell Technologies in the first quarter worth $5,930,000. BankChampaign National Association purchased a new position in Dell Technologies in the first quarter worth $595,000. Finally, Liontrust Investment Partners LLP purchased a new position in Dell Technologies in the first quarter worth $653,000. 76.37% of the stock is currently 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.