JPMorgan Chase & Co. Raises Dell Technologies (NYSE:DELL) Price Target to $635.00

Dell Technologies (NYSE:DELL) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $565.00 to $635.00 in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 43.09% from the company’s current price.

Several other analysts also recently weighed in on DELL. Bank of America boosted their target price on shares of Dell Technologies from $500.00 to $505.00 and gave the stock a “buy” rating in a research report on Monday. Daiwa Securities Group lifted their target price on shares of Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Piper Sandler reissued an “overweight” rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research note on Wednesday. William Blair began coverage on Dell Technologies in a report on Monday, June 1st. They issued a “neutral” rating for the company. Finally, Melius Research set a $735.00 price target on shares of Dell Technologies and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $543.00.

Dell Technologies Trading Up 4.4%

Shares of DELL traded up $18.78 during trading hours on Wednesday, hitting $443.78. The company had a trading volume of 14,949,230 shares, compared to its average volume of 8,150,231. The company’s fifty day moving average price is $433.44 and its two-hundred day moving average price is $301.96. Dell Technologies has a one year low of $110.22 and a one year high of $514.00. The company has a market capitalization of $287.62 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 57.7% on a year-over-year basis. 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. Analysts forecast that Dell Technologies will post 18.32 earnings per share for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of Dell Technologies stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $55,294,285.05. Following the completion of the transaction, the director directly owned 8,585 shares of the company’s stock, valued at $3,417,946.05. The trade was a 94.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the sale, the director owned 12,619 shares in the company, valued at $5,024,002.47. This trade represents a 91.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,134,674 shares of company stock valued at $870,637,926 over the last 90 days. 41.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings 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 in the last quarter. State Street Corp lifted its holdings in Dell Technologies by 1.8% during the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock worth $1,852,450,000 after buying an additional 265,740 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Dell Technologies by 7.6% in the 1st 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 acquiring an additional 1,011,101 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dell Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock worth $939,808,000 after purchasing an additional 108,011 shares in the last quarter. Finally, Invesco Ltd. grew its position in Dell Technologies by 50.4% in the 4th 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 last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Key Dell Technologies News

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

• Positive Sentiment: AI infrastructure demand remains exceptionally strong. Fiscal Q2 revenue rose 57.7% year over year to $46.97 billion, while EPS of $7.04 exceeded the roughly $4.91 consensus estimate. AI-optimized server revenue doubled to $16.4 billion, and AI-server orders reached a record $60.9 billion. Dell again lifts forecasts as AI demand powers record results
• Positive Sentiment: Management sharply raised its outlook. Dell lifted fiscal 2027 revenue guidance to $192 billion from $167 billion and adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance of $49 billion in revenue and $6.50 EPS also stands well above analyst expectations. Dell surges after lifting fiscal 2027 forecast on AI server strength
• Positive Sentiment: The $95 billion backlog improves revenue visibility. Analysts have upgraded their views and raised price targets, including Morgan Stanley, which increased its target to $499 while retaining an equal-weight rating. Dell shares rise as demand jumps for AI servers
• Neutral Sentiment: Dell announced a new Dell 14S laptop with up to 21 hours of battery life, targeting students and value-focused consumers. The launch supports the client business but is much less significant to the stock than the AI-server results. Meet the Dell 14S
• Negative Sentiment: Macro and valuation risks are limiting the reaction. Rising 10-year Treasury yields and crude oil above $90, amid renewed U.S.-Iran tensions, are pressuring high-growth technology shares. After a substantial year-to-date rally, Dell’s premium valuation leaves less room for execution missteps, while supply constraints and memory costs could pressure AI-server margins.

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.