Wells Fargo & Company Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective increased by equities research analysts at Wells Fargo & Company from $270.00 to $505.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 21.33% from the stock’s previous close.

Several other analysts have also commented on the stock. Bank of America reissued a “buy” rating on shares of Dell Technologies in a research note on Friday. UBS Group reissued a “neutral” rating and set a $440.00 target price on shares of Dell Technologies in a research note on Friday. Raymond James Financial lowered shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Roth Mkm started coverage on shares of Dell Technologies in a research report on Friday. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.52.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $99.19 during trading on Friday, reaching $416.24. The company had a trading volume of 21,065,824 shares, compared to its average volume of 8,266,115. Dell Technologies has a twelve month low of $106.38 and a twelve month high of $429.15. The firm has a market capitalization of $268.78 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. The firm’s fifty day moving average is $211.39 and its 200 day moving average is $157.54.

Dell Technologies (NYSE:DELL) last released 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 net margin of 5.23% and a negative return on equity of 236.90%. The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The business’s quarterly revenue 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. Equities analysts predict that Dell Technologies will post 12.21 earnings per share for the current fiscal year.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total transaction of $74,883,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the transaction, the director owned 65,662 shares in the company, valued at approximately $9,529,526.06. This trade represents a 69.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,571,688 shares of company stock worth $576,654,105. Company insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Several large investors have recently modified their holdings of DELL. Commonwealth Retirement Investments LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Rossby Financial LCC boosted its holdings in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after buying an additional 184 shares during the period. Navalign LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $29,000. Finally, WealthCollab LLC boosted its holdings in shares of Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares during the period. 76.37% of the stock is owned by institutional investors.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell reported record quarterly revenue of $43.8 billion, with earnings of $4.86 per share topping estimates and revenue beating forecasts by a wide margin, sparking a sharp stock rally. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI-optimized server revenue jumped 757% year over year to $16.1 billion, showing Dell is benefiting directly from the AI infrastructure buildout and hyperscaler spending boom. Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Dell raised full-year FY2027 guidance materially, lifting revenue outlook to $165 billion-$169 billion and signaling stronger profit growth than analysts expected. Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Wall Street responded with a wave of bullish analyst actions, including multiple price-target hikes from firms such as Loop Capital, JPMorgan, Citigroup, Raymond James and Evercore, reinforcing the move higher. Loop Capital PT update
• Positive Sentiment: Dell also announced a $9.7 billion Pentagon software contract, adding another catalyst and broadening investor enthusiasm around the stock. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Neutral Sentiment: Some articles note the rally has also lifted related hardware and AI infrastructure names, suggesting a sector-wide read-through rather than a Dell-only move. Hewlett Packard Enterprise Stock Rallies Thanks to Dell’s AI Boom

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.