Mizuho lifts Dell price target to $650 as AI server orders surge
Mizuho analyst Vijay Rakesh raised Dell Technologies' price target from $600 to $650 and kept an Outperform rating. The upgrade followed Dell's quarterly report of $60.9 billion in AI server orders, $16.4 billion in AI server revenue and a $95 billion backlog, and a raised fiscal‑2027 revenue outlook to about $192 billion. Dell also announced an expansion of its AI Data Platform. The news sent the stock up roughly 4½% before settling at $571.75.
Why it matters
Mizuho's higher target signals analyst confidence in Dell's AI server growth, which could attract additional institutional buying. The price target increase may support the stock's upward momentum and keep it near its 52‑week high.
Key facts
- 1Mizuho raised Dell's price target to $650 from $600. investing.com
- 2Dell reported AI server orders of $60.9 billion. investing.com
- 3Dell reported AI server revenue of $16.4 billion. investing.com
- 4Dell's AI server backlog stood at $95 billion. investing.com
- 5Fiscal 2027 revenue guidance was lifted to approximately $192 billion. investing.com
- 6Shares rose 4.9% after the target raise, later cooling to $571.75, up 3.5% from the prior close. tradingview.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.