Barclays Cuts Dell Technologies (DELL) Price Target to $574
Barclays has lowered its rating on Dell Technologies and reduced its price target, a 25.89% upside from the current price.
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Barclays cut its price target on Dell Technologies Inc. ($DELL) to $574 from $603 on October 14, 2026, and rates the stock "Equal-Weight".
Since the rating, $DELL is down 11.1% to date (from the $507.93 close on Oct 14, 2026).
DELL
Dell Technologies Inc.
Key Points
- On October 14, 2026, Barclays downgraded Dell Technologies Inc. to an Equal-Weight rating with a new price target of $574, down from $603.
- Barclays's $574 price target implies 25.89% upside from Dell Technologies Inc.'s ($DELL) current $455.95 share price.
- As of October 16, 2026, Dell shares traded recently around $455.95, which is about 11.1% below the 50-day moving average.
- Dell has a market cap of about $300.99 billion and a trailing twelve-month revenue of $151.20 billion.
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Barclays has lowered its rating on Dell Technologies Inc. (NYSE: DELL) to Equal-Weight on October 14, 2026, with a new price target of $574. This is a decrease from the previous target of $603.
What Changed in Barclays' Dell Position
Barclays downgraded its stance on Dell Technologies, changing the rating to Equal-Weight and setting the price target at $574. The adjustment reflects a shift in the firm's outlook on the company's performance.
Other Institutional Activity in Dell
Several institutional investors have recently adjusted their positions in Dell Technologies. Blackrock Inc. reduced its holdings by 655,875 shares, leaving it with 24,094,119 shares valued at about $10.88 billion. Vanguard Capital Management LLC also trimmed its stake, selling 423,735 shares for a total of 19,013,637 shares worth around $8.59 billion. State Street Corporation decreased its position by 576,503 shares, ending with 13,764,359 shares valued at about $6.22 billion. Bank of America Corporation significantly cut its stake by 3,552,632 shares, now holding 10,842,148 shares worth approximately $4.90 billion. In contrast, JPMorgan Chase & Co. increased its holdings by 7,355,744 shares, totaling 10,437,458 shares valued at about $4.71 billion.
Dell Technologies Inc. Stock Down 10.2%
Dell shares recently traded around $455.95 as of October 16, 2026. This price is about 11.1% below the 50-day moving average of $512.76. The stock remains well above its 52-week low of $110.22 but is about 23.4% lower than its 52-week high of $595.51.
$DELL price target
Dell Technologies Inc. daily closes and this analyst's $574 target. Not advice.
Recent Earnings
Dell Technologies reported trailing twelve-month revenue of $151.20 billion, with a net margin of 7.5%. The company has experienced a year-over-year revenue growth of 57.7%. The next earnings report is scheduled for November 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 62.1%. Revenue beat estimates by 21.3%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 upgrades, 12 target raises.
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Earnings quality
Gross margin down 3.4 points. Operating margin up 3.4 points. Positive free cash flow.
Earnings Call Summary
Dell had a strong quarter with record revenue of twenty nine point eight billion dollars, up nineteen percent, driven by exceptional AI server demand. They shipped eight point two billion dollars in AI servers and have an eleven point seven billion dollar backlog. Management expects margins to improve in the second half as the AI business scales and traditional server and storage mix improves, while operating expenses continue declining.
Guidance Dell raised full year revenue guidance to one hundred seven billion dollars, up twelve percent. They now expect AI server shipments of twenty billion dollars for the year, up five billion from prior guidance. Third quarter revenue should reach twenty seven billion dollars, up eleven percent. They expect full year earnings per share of nine dollars and fifty five cents, up seventeen percent.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Insider Buying and Selling at Dell Technologies Inc.
On October 9, 2026, several insiders sold shares of Dell Technologies. L.P. Silver Lake Technology Investors IV sold 996 shares, valued at about $579,972. Lp. Silver Lake Partners IV sold 50,454 shares for approximately $29.39 million, while L.P. Silver Lake Technology Investors V sold 450 shares worth about $262,040. Additionally, L.P. Sl Spv-2 sold 44,408 shares valued at around $25.86 million.
Analysts Set New Price Targets
On October 14, 2026, Barclays downgraded Dell to an Equal-Weight rating and set a price target of $574, down from $603. The consensus among analysts is a Buy recommendation, with a mean price target of $593 based on 25 opinions.
About Dell Technologies
Dell Technologies Inc. designs and manufactures computer hardware and integrated solutions for various markets worldwide. The company operates through segments like Infrastructure Solutions Group and Client Solutions Group, which are essential for its growth and innovation.
Bottom Line
Investors should watch for Dell's upcoming earnings report on November 27, 2026, for insights into its performance. Barclays' recent downgrade highlights a shift in market sentiment, and further analyst actions may follow as the company navigates its next steps.
Related Filing Alerts
Source: Barclays's rating change on $DELL (Oct 14, 2026). Written by software, not financial advice. How we make alerts