TD Cowen Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price target raised by TD Cowen from $150.00 to $450.00 in a report issued on Friday,MarketScreener reports. The firm currently has a hold rating on the technology company’s stock.

A number of other equities analysts also recently commented on the stock. Argus upped their target price on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley upgraded shares of Dell Technologies from an “underweight” rating to a “buy” rating in a research note on Friday, May 22nd. Mizuho upped their target price on shares of Dell Technologies from $215.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Melius Research set a $565.00 target price on shares of Dell Technologies in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $421.00.

Dell Technologies Trading Up 32.8%

Shares of 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. Dell Technologies has a 12 month low of $106.38 and a 12 month high of $429.15. The firm’s 50-day moving average is $216.82 and its 200 day moving average is $159.38.

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

Insider Activity at Dell Technologies

In related news, CAO Richard Troy Sharp sold 1,538 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 8,030 shares of the company’s stock, valued at $1,198,557.80. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the stock in a transaction that occurred on 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. Insiders have sold a total of 3,571,688 shares of company stock valued at $576,654,105 over the last three months. Company insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Dell Technologies in the second quarter worth $328,000. Marshall Wace LLP purchased a new position in shares of Dell Technologies in the second quarter worth $809,000. Gamco Investors INC. ET AL raised its holdings in shares of Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after buying an additional 1,550 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after buying an additional 34,538 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Trending Headlines about 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.