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

Dell Technologies (NYSE:DELL) had its price target raised by analysts at TD Cowen from $450.00 to $500.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential upside of 18.33% from the company’s previous close.

Several other research analysts also recently commented on DELL. Weiss Ratings reiterated a “buy (b)” rating on shares of Dell Technologies in a report on Wednesday, August 12th. CLSA upgraded Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. Raymond James Financial reiterated an “outperform” rating and issued a $617.00 price objective on shares of Dell Technologies in a research report on Wednesday. Evercore reiterated an “outperform” rating and set a $550.00 price target on shares of Dell Technologies in a report on Wednesday, August 19th. Finally, William Blair assumed coverage on shares of Dell Technologies in a research note on Monday, June 1st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $518.68.

Dell Technologies Price Performance

Shares of DELL opened at $422.54 on Wednesday. The firm has a market cap of $273.85 billion, a P/E ratio of 33.56, a P/E/G ratio of 0.94 and a beta of 1.34. Dell Technologies has a 1 year low of $110.22 and a 1 year high of $514.00. The stock has a 50 day simple moving average of $433.44 and a two-hundred day simple moving average of $301.96.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, equities analysts anticipate that Dell Technologies will post 18.32 earnings per share for the current year.

Insider Transactions at Dell Technologies

In related news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $15,814,486.26. Following the sale, the director directly owned 43,961 shares of the company’s stock, valued at $19,938,071.94. This represents a 44.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $438.21, for a total value of $886,060.62. Following the completion of the transaction, the director owned 25,267 shares of the company’s stock, valued at approximately $11,072,252.07. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 2,134,674 shares of company stock valued at $870,637,926. Company insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in DELL. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Dell Technologies during the 2nd quarter valued at approximately $328,000. Marshall Wace LLP purchased a new position in Dell Technologies during the second quarter valued at $809,000. Gamco Investors INC. ET AL boosted its holdings in 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 acquiring an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake 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 acquiring an additional 34,538 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: AI infrastructure demand remains exceptionally strong. Fiscal Q2 revenue rose 57.7% year over year to $46.97 billion, while EPS of $7.04 exceeded the roughly $4.91 consensus estimate. AI-optimized server revenue doubled to $16.4 billion, and AI-server orders reached a record $60.9 billion. Dell again lifts forecasts as AI demand powers record results
• Positive Sentiment: Management sharply raised its outlook. Dell lifted fiscal 2027 revenue guidance to $192 billion from $167 billion and adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance of $49 billion in revenue and $6.50 EPS also stands well above analyst expectations. Dell surges after lifting fiscal 2027 forecast on AI server strength
• Positive Sentiment: The $95 billion backlog improves revenue visibility. Analysts have upgraded their views and raised price targets, including Morgan Stanley, which increased its target to $499 while retaining an equal-weight rating. Dell shares rise as demand jumps for AI servers
• Neutral Sentiment: Dell announced a new Dell 14S laptop with up to 21 hours of battery life, targeting students and value-focused consumers. The launch supports the client business but is much less significant to the stock than the AI-server results. Meet the Dell 14S
• Negative Sentiment: Macro and valuation risks are limiting the reaction. Rising 10-year Treasury yields and crude oil above $90, amid renewed U.S.-Iran tensions, are pressuring high-growth technology shares. After a substantial year-to-date rally, Dell’s premium valuation leaves less room for execution missteps, while supply constraints and memory costs could pressure AI-server margins.

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.