Bank of America Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective hoisted by research analysts at Bank of America from $155.00 to $172.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Bank of America‘s price target suggests a potential upside of 4.09% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Mizuho increased their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised Dell Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Barclays upped their price objective on Dell Technologies from $148.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Seventeen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.22.

Dell Technologies Trading Up 4.8%

NYSE DELL traded up $7.57 on Monday, hitting $165.24. 2,191,938 shares of the company’s stock traded hands, compared to its average volume of 8,442,880. The firm’s 50-day moving average price is $128.55 and its two-hundred day moving average price is $133.95. The firm has a market capitalization of $106.70 billion, a PE ratio of 18.87, a P/E/G ratio of 0.74 and a beta of 0.96. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $169.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.68 earnings per share. 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. On average, research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jane Tunnell sold 28,529 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $152.51, for a total value of $4,350,957.79. Following the completion of the sale, the chief marketing officer owned 53,373 shares of the company’s stock, valued at $8,139,916.23. This trade represents a 34.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,540,917 shares of company stock worth $230,215,036 in the last ninety days. 42.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $25,000. Rossby Financial LCC boosted its holdings in Dell Technologies by 968.4% in 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 last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. Navalign LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $29,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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.