Citigroup Cuts Dell Technologies (NYSE:DELL) Price Target to $160.00

Dell Technologies (NYSE:DELL) had its price objective cut by Citigroup from $165.00 to $160.00 in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also issued reports on DELL. Mizuho raised their price target on Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Raymond James Financial raised their target price on shares of Dell Technologies from $161.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Bank of America upped their price target on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Daiwa Securities Group boosted their price target on Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.53.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $118.92 on Tuesday. The firm has a market cap of $78.81 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $168.08. The firm’s 50 day moving average price is $121.50 and its 200 day moving average price is $132.30.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.12. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The company had revenue of $27.01 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the previous year, the firm posted $2.15 EPS. Dell Technologies’s revenue was up 10.8% on a year-over-year basis. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. As a group, equities analysts predict that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th were given a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $2.10 annualized dividend and a yield of 1.8%. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Insider Activity at Dell Technologies

In other news, Director Egon Durban sold 71,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the transaction, the director directly owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Dell Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after acquiring an additional 1,355,841 shares in the last quarter. State Street Corp raised its position in shares of Dell Technologies by 1.8% in the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock valued at $1,852,450,000 after purchasing an additional 265,740 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 108,011 shares in the last quarter. Invesco Ltd. grew its position in shares of Dell Technologies by 50.4% during the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after buying an additional 2,445,854 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Dell Technologies by 15.0% in the second quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock worth $725,586,000 after buying an additional 771,966 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Key Dell Technologies News

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

• Positive Sentiment: Evercore added DELL to its Tactical Outperform list ahead of earnings, signaling short-term analyst conviction into the report. Read More.
• Positive Sentiment: Seeking Alpha published a bullish margin/valuation thesis arguing upside (claims math supports ~50% upside), which can attract buy-side interest and momentum traders. Read More.
• Positive Sentiment: Dell announced a collaboration with Ooredoo to advance AI innovation — a commercial/technology win that supports its AI server and services narrative. Read More.
• Positive Sentiment: Market coverage pieces note DELL is outperforming the broader market today; that flow can reinforce the rally as traders chase strength ahead of earnings. Read More.
• Neutral Sentiment: Dell will present at the Morgan Stanley TMT conference on March 4 (CFO fireside chat) — an upcoming catalyst where management can clarify margins, AI demand and guidance. Read More.
• Neutral Sentiment: Zacks previews the earnings setup and flags that Dell may not have the optimal mix of factors for a clear beat, underlining event risk into the print. Read More.
• Negative Sentiment: Morgan Stanley cut its price target to $101 and kept an underweight — a materially more bearish stance that can pressure sentiment and selling by funds tracking analyst views. Read More.
• Negative Sentiment: JPMorgan trimmed its price target to $155 (though it stayed overweight); and Citigroup lowered its PT to $160 — multiple PT cuts narrow analyst-implied upside. Read More. Read More.
• Negative Sentiment: Comparisons with AI-server peer SMCI highlight competitive pressure and margin differentials, a theme investors will watch if AI server share shifts accelerate. Read More.

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.