JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

by · The Cerbat Gem

Dell Technologies (NYSE:DELL – Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $205.00 to $280.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.14% from the company’s current price.

Several other research firms also recently weighed in on DELL. Wall Street Zen upgraded Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Morgan Stanley increased their target price on shares of Dell Technologies from $101.00 to $110.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 28th. Barclays boosted their price target on shares of Dell Technologies from $148.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Raymond James Financial upped their price target on shares of Dell Technologies from $166.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Evercore raised their price target on Dell Technologies from $205.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.79.

View Our Latest Research Report on DELL

Dell Technologies Stock Performance

Shares of DELL stock opened at $239.03 on Friday. The firm has a market cap of $154.35 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 0.99 and a beta of 0.99. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $263.99. The firm’s 50-day simple moving average is $186.55 and its two-hundred day simple moving average is $149.40.

Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company had revenue of $33.38 billion during the quarter, compared to analyst estimates of $31.60 billion. During the same quarter last year, the business posted $2.68 EPS. Dell Technologies’s quarterly revenue was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Analysts forecast that Dell Technologies will post 11.9 earnings per share for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CAO Richard Troy Sharp sold 1,538 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total transaction of $229,561.88. Following the completion of the sale, the chief accounting officer owned 8,030 shares of the company’s stock, valued at $1,198,557.80. This represents a 16.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey W. Clarke sold 116,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the sale, the chief operating officer directly owned 1,687,414 shares in the company, valued at approximately $307,919,306.72. This trade represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Dell Technologies during the second quarter valued at approximately $328,000. Marshall Wace LLP bought a new position in shares of Dell Technologies during the second quarter valued at approximately $809,000. Gamco Investors INC. ET AL lifted its stake in Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after acquiring an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock valued at $7,112,000 after acquiring an additional 34,538 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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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.

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