Dell Technologies (NYSE:DELL) Price Target Raised to $635.00

Dell Technologies (NYSE:DELL) had its target price upped by JPMorgan Chase & Co. from $565.00 to $635.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on DELL. Melius Research lifted their price objective on Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their target price on Dell Technologies from $505.00 to $545.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Daiwa Securities Group raised their target price on Dell Technologies from $170.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dell Technologies in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group upped their price target on Dell Technologies from $510.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $553.79.

Dell Technologies Stock Performance

Shares of DELL stock opened at $525.66 on Wednesday. The firm has a fifty day moving average of $439.28 and a 200-day moving average of $308.94. The stock has a market cap of $340.69 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 0.73 and a beta of 1.34. Dell Technologies has a 52-week low of $110.22 and a 52-week high of $534.99.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm’s revenue was up 57.7% on a year-over-year basis. During the same period in the previous year, the business 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, sell-side analysts predict that Dell Technologies will post 21.28 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is 14.63%.

Insider Activity

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 131,040 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the transaction, the director directly owned 12,619 shares in the company, valued at approximately $5,024,002.47. This represents a 91.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the transaction, the director directly owned 8,585 shares in the company, valued at $3,417,946.05. This trade represents a 94.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,527,629 shares of company stock worth $619,325,485. 41.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in shares of Dell Technologies by 41,141.5% in the 2nd quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company’s stock valued at $85,690,266,000 after purchasing an additional 198,123,786 shares during the period. State Street Corp grew its stake in shares of Dell Technologies by 1.8% during the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock worth $1,852,450,000 after purchasing an additional 265,740 shares during the period. Bank of America Corp DE increased its holdings in Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dell Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock valued at $939,808,000 after purchasing an additional 108,011 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Dell Technologies by 50.4% in the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock valued at $919,051,000 after buying an additional 2,445,854 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies News Roundup

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

• Positive Sentiment: AI demand remains the primary catalyst. Dell reported record AI-server orders and a roughly $95 billion backlog, supporting expectations for sustained data-center growth. Broad enterprise IT-refresh demand is providing an additional tailwind. DELL Stock Hits 52-Week High: Does it Have More Room to Run?
• Positive Sentiment: The latest earnings beat reset expectations higher. Dell posted quarterly revenue of $46.97 billion, up 57.7% year over year and above the $44.89 billion consensus. Adjusted earnings of $7.04 per share exceeded estimates by $2.13, while management raised its fiscal outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter
• Positive Sentiment: Analyst support strengthened. Goldman Sachs increased its price target by $60, while JPMorgan raised its target to $635. Other firms, including UBS, Morgan Stanley and TD Cowen, also expressed constructive views, reinforcing bullish sentiment around Dell’s AI-server opportunity. Goldman Sachs resets Dell stock price target by $60
• Positive Sentiment: Dell is increasingly viewed as a potential major AI beneficiary because its growth is being supported by reported customer orders and revenue rather than expectations alone. Its performance has also helped validate the broader AI infrastructure trade. Bank of America sees upside in surging AI stock
• Neutral Sentiment: Valuation and execution are becoming more important. After a sharp 2026 rally and a move near its 52-week high, investors are debating whether the backlog can translate into profitable growth at current expectations.
• Negative Sentiment: Some commentary cautions that Dell’s margins, supply availability and ability to convert the backlog into cash flow could limit further upside. The stock’s substantial gains also increase the risk of profit-taking or consolidation if future results merely meet, rather than exceed, elevated expectations. Dell Just Jumped 16% and One Strategist Says That Is the Whole Tech Argument Right Now

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.