Truist Financial Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective lifted by Truist Financial from $170.00 to $360.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

DELL has been the topic of several other reports. CLSA upgraded Dell Technologies to an “outperform” rating in a research report on Friday. Roth Mkm assumed coverage on Dell Technologies in a report on Friday. They issued a “buy” rating on the stock. Weiss Ratings raised Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Bank of America lifted their target price on Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $421.00.

Dell Technologies Stock Up 32.8%

Shares of Dell Technologies stock opened at $420.96 on Friday. The stock’s 50-day simple moving average is $216.82 and its 200-day simple moving average is $159.38. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $429.15. 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 (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate 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 business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the business earned $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. On average, equities analysts expect that Dell Technologies will post 12.21 earnings per share for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey W. Clarke sold 116,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total value of $21,167,680.00. Following the sale, the chief operating officer owned 1,687,414 shares in the company, valued at approximately $307,919,306.72. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,571,688 shares of company stock valued at $576,654,105. Corporate insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies during the fourth quarter valued at approximately $25,000. Rossby Financial LCC raised its position in Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Navalign LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Finally, WealthCollab LLC grew its stake in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

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.