Dell stock price target raised to $150 from $145 at Mizuho on AI server wins

Investing.com - Mizuho (NYSE:MFG) has raised its price target on Dell (NYSE:DELL) to $150.00 from $145.00 while maintaining an Outperform rating on the stock. According to InvestingPro data, Dell’s stock has shown strong momentum, with analyst targets ranging from $104 to $155, and 14 analysts recently revising their earnings estimates upward.

The research firm kept its July quarter revenue and earnings per share estimates unchanged at $29.0 billion and $2.25, respectively, compared to consensus estimates of $28.9 billion and $2.28.

Mizuho increased its fiscal 2026 revenue forecast from $103 billion to $105 billion, while maintaining its EPS estimate at $9.40, and raised its fiscal 2027 projections from $110 billion and $10.60 to $115 billion and $11.00.

The firm sees Dell continuing to secure AI server wins in the second half of 2025, potentially gaining market share from key competitors, while also benefiting from increased storage needs for AI and PC tailwinds from AI PC and corporate refresh cycles.

Mizuho highlighted Dell’s AI server support team, which it claims is 10 times larger than its nearest competitor, along with the company’s financial strength that allows it to provide financing directly to customers, enabling better pricing and helping to win more deals.

In other recent news, Dell Technologies has announced significant developments in its financial and operational landscape. TD Cowen has raised Dell’s stock price target to $125, citing robust AI server orders and strong Commercial PC sales, driven by Windows 11 refreshes. The firm also highlighted Dell’s disciplined cost management and share buybacks, supporting a fiscal year 2026 earnings per share target of $9.40. Meanwhile, UBS adjusted its price target for Dell to $145, maintaining a Buy rating despite Dell’s first-quarter performance falling short of AI server revenue expectations. The company reported $12 billion in AI orders during the quarter, boosting its backlog to $14.4 billion.

KeyBanc has initiated coverage on Dell with a Sector Weight rating, acknowledging Dell’s strong management and leadership position in its markets. However, KeyBanc expressed concerns about Dell’s gross margin pressures due to growth in the AI Server business. Additionally, Dell and other tech firms are under scrutiny from the U.S. government, as the General Services Administration seeks to reduce federal contract spending. Aletheia Capital reiterated a Buy rating with a $150 price target, reflecting confidence in Dell’s market potential. These developments highlight Dell’s ongoing efforts to navigate challenges and leverage opportunities in the technology sector.

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