Truist Financial Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its target price increased by equities research analysts at Truist Financial from $170.00 to $360.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Truist Financial’s price target suggests a potential downside of 11.52% from the company’s current price.

Several other research analysts have also weighed in on the company. Raymond James Financial lowered Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday. CLSA raised Dell Technologies to an “outperform” rating in a research report on Friday. Citigroup upped their target price on Dell Technologies from $290.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday. Evercore increased their price objective on Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen increased their price objective on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.52.

Dell Technologies Trading Up 28.3%

DELL stock traded up $89.81 during mid-day trading on Friday, hitting $406.86. The stock had a trading volume of 29,164,764 shares, compared to its average volume of 8,372,869. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $429.15. The company has a fifty day moving average of $211.39 and a 200 day moving average of $157.54. The stock has a market capitalization of $262.73 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s 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. As a group, sell-side analysts expect that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total transaction of $74,883,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the sale, the director owned 65,662 shares of the company’s stock, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Hedge funds have recently added to or reduced their stakes in the business. Providence Capital Advisors LLC acquired a new stake in shares of Dell Technologies in the third quarter valued at about $7,060,000. Campbell Capital Management Inc. increased its position in shares of Dell Technologies by 34.0% in the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock valued at $10,094,000 after acquiring an additional 20,362 shares during the last quarter. Lingohr Asset Management GmbH increased its position in shares of Dell Technologies by 733.9% in the third quarter. Lingohr Asset Management GmbH now owns 58,898 shares of the technology company’s stock valued at $8,320,000 after acquiring an additional 51,835 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Dell Technologies by 10.5% in the fourth quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after acquiring an additional 7,642 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of Dell Technologies by 54.3% in the third quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company’s stock valued at $5,886,000 after acquiring an additional 14,604 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

More Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell reported fiscal Q1 revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above estimates, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI-optimized server revenue surged 757% to about $16.1 billion, with Dell saying AI demand remains strong and backlog stays elevated, reinforcing the company’s role as a key beneficiary of AI data-center spending. Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Dell raised full-year fiscal 2027 guidance to $165 billion-$169 billion in revenue and $17.90 EPS, well above prior expectations, suggesting the growth story may extend beyond this quarter. Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: A five-year, $9.7 billion Pentagon software contract added another catalyst, broadening optimism around Dell’s enterprise and government business. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Neutral Sentiment: Wall Street reacted with a flurry of upgrades and target increases, including Wells Fargo, JPMorgan, Citi, Raymond James, Loop Capital, and others, which supports the bullish sentiment but also leaves the stock looking priced for strong execution. Benzinga analyst update
• Negative Sentiment: Dell also noted supply constraints and memory-chip shortages, which could limit how quickly it converts AI demand into sales and may temper upside if component costs stay elevated. Dell Executive Confident Amid Memory Crunch As AI Boom Strains Supply

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.