JPMorgan Chase & Co. Increases Dell Technologies (NYSE:DELL) Price Target to $500.00

Dell Technologies (NYSE:DELL) had its target price upped by stock analysts at JPMorgan Chase & Co. from $280.00 to $500.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.93% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $497.00 target price on shares of Dell Technologies in a research report 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. Bank of America restated a “buy” rating on shares of Dell Technologies in a report on Friday. Barclays reaffirmed an “overweight” rating and set a $550.00 target price on shares of Dell Technologies in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Dell Technologies from $180.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $370.33.

Dell Technologies Stock Performance

DELL traded up $103.37 during mid-day trading on Friday, reaching $420.42. The stock had a trading volume of 11,319,612 shares, compared to its average volume of 8,145,133. The firm’s fifty day simple moving average is $211.39 and its two-hundred day simple moving average is $157.54. The stock has a market capitalization of $271.49 billion, a P/E ratio of 48.15, a P/E/G ratio of 1.12 and a beta of 0.99. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $428.68.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm’s revenue for the quarter was up 87.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. 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, analysts expect that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, CFO David Alan Kennedy sold 19,500 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares in the company, valued at approximately $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the transaction, the insider directly owned 21,779 shares in the company, valued at approximately $3,593,535. This represents a 86.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,571,688 shares of company stock worth $576,654,105 over the last ninety days. Company insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asset Dedication LLC grew its stake in Dell Technologies by 1.7% in the first quarter. Asset Dedication LLC now owns 4,291 shares of the technology company’s stock valued at $704,000 after acquiring an additional 73 shares during the period. Groupama Asset Managment raised its position in shares of Dell Technologies by 2.6% during the first quarter. Groupama Asset Managment now owns 2,902 shares of the technology company’s stock worth $476,000 after purchasing an additional 73 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at about $5,930,000. BankChampaign National Association acquired a new position in shares of Dell Technologies in the 1st quarter valued at approximately $595,000. Finally, Liontrust Investment Partners LLP bought a new stake in Dell Technologies during the 1st quarter worth approximately $653,000. 76.37% of the stock is currently owned by institutional investors.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell posted fiscal Q1 revenue of $43.8 billion, up 88% year over year, while adjusted EPS of $4.86 easily beat estimates; management also raised full-year revenue guidance to $165 billion-$169 billion and said AI-optimized server revenue could reach about $60 billion in FY2027. Article Title
• Positive Sentiment: The company also won a roughly $9.7 billion Pentagon software contract, adding another catalyst and reinforcing confidence in Dell’s enterprise and government business. Article Title
• Positive Sentiment: Analysts turned more constructive after the report, with Susquehanna upgrading Dell to “positive” and other firms lifting price targets as they cited stronger AI demand and a long runway for growth. Article Title
• Neutral Sentiment: Management said demand is not the main constraint — supply is — as chip and memory shortages continue to limit how quickly Dell can fulfill AI server orders. Article Title

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.