Dell Technologies (NYSE:DELL) Price Target Raised to $185.00 at The Goldman Sachs Group

Dell Technologies (NYSE:DELL) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $175.00 to $185.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 43.79% from the stock’s current price.

Several other analysts also recently commented on the company. Argus upped their price objective on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Bank of America increased their price target on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup lifted their price objective on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.55.

Dell Technologies Trading Up 2.2%

Shares of NYSE:DELL opened at $128.66 on Wednesday. The firm has a 50 day simple moving average of $143.57 and a 200-day simple moving average of $130.32. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $168.08. The company has a market capitalization of $86.51 billion, a PE ratio of 18.96, a P/E/G ratio of 0.96 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.12. The company had revenue of $27.01 billion for the quarter, compared to analyst estimates of $27.26 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS. Q4 2026 guidance at 3.500-3.500 EPS. As a group, equities research analysts predict that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen Jamison Kullman sold 79,806 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the transaction, the director directly owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This represents a 54.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,537,755 shares of company stock valued at $642,644,973 over the last three months. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $528,279,000. Wellington Management Group LLP increased its stake in Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after buying an additional 2,937,137 shares during the period. Invesco Ltd. raised its position in shares of Dell Technologies by 82.3% during the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock worth $688,315,000 after buying an additional 2,191,317 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Dell Technologies by 541.9% in the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after acquiring an additional 1,685,529 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).