The Goldman Sachs Group Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its price objective hoisted by The Goldman Sachs Group from $230.00 to $500.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 18.78% from the stock’s current price.

DELL has been the topic of several other research reports. Daiwa Securities Group upped their target price on Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Zacks Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Evercore upped their target price on Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America upped their target price on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Dell Technologies from $280.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $433.86.

Dell Technologies Stock Up 0.0%

Shares of NYSE DELL opened at $420.96 on Monday. The business’s 50 day moving average price is $216.82 and its two-hundred day moving average price is $159.50. The company has a market cap of $271.83 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. Dell Technologies has a twelve month low of $106.38 and a twelve month high of $429.15.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the 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 is accessible through this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total value of $21,167,680.00. Following the sale, the chief operating officer directly owned 1,687,414 shares in the company, valued at $307,919,306.72. This represents a 6.43% 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. Insiders have sold a total of 3,071,687 shares of company stock valued at $501,560,818 over the last ninety days. 41.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ariadne Wealth Management LP lifted its stake in Dell Technologies by 1.6% during the first quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock worth $508,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Dell Technologies by 19.3% during the first quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Vectors Research Management LLC lifted its stake in Dell Technologies by 0.4% during the first quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock worth $2,404,000 after purchasing an additional 55 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Dell Technologies by 6.9% during the first quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock worth $171,000 after purchasing an additional 67 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in Dell Technologies by 1.3% during the third quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock worth $789,000 after purchasing an additional 71 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Key Dell Technologies News

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

• Positive Sentiment: Dell’s latest quarterly results were much stronger than expected, with revenue and EPS far ahead of estimates and guidance raised, signaling continued momentum in AI infrastructure spending.
• Positive Sentiment: Demand for AI servers remains a major growth driver, with Dell’s server business seen as a key winner from enterprise and data-center AI investment.
• Positive Sentiment: Dell secured a large U.S. government contract, adding another meaningful source of demand and boosting investor confidence in future sales.
• Positive Sentiment: The company unveiled a new XPS 13 laptop aimed at competing with Apple’s MacBook Neo, which may help Dell regain attention in consumer PCs while supporting the brand.
• Positive Sentiment: Analysts have turned more constructive after earnings, with multiple firms raising price targets on Dell following the strong quarter.
• Neutral Sentiment: Media coverage is also highlighting Dell as one of the market’s leading AI stocks, which may keep momentum traders interested, but this is more sentiment-driven than a new fundamental development.

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.