JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com - Mizuho has raised its price target on Dell (NYSE:DELL) to $160.00 from $150.00 while maintaining an Outperform rating on the stock. The new target represents potential upside from the current price of $139.14, with Dell showing impressive momentum through a 44.3% return over the past year. According to InvestingPro analysis, Dell currently appears fairly valued based on its proprietary Fair Value model.
The price target increase represents a multiple of 14.4x Mizuho’s fiscal 2027 earnings per share estimate, up from the previous multiple of 13.6x, reflecting stronger expectations for Dell’s artificial intelligence server business. With a market capitalization of $93.88 billion and a P/E ratio of 21.27, Dell has established itself as a key player in the AI infrastructure space. InvestingPro subscribers can access 12 additional exclusive insights about Dell’s AI positioning and growth potential.
Mizuho maintained its July quarter revenue and earnings per share estimates at $29.0 billion and $2.25, respectively, compared to consensus estimates of $29.2 billion and $2.29.
The firm raised its fiscal 2026 estimates from $105 billion in revenue and $9.40 in earnings per share to $106 billion and $9.45, while fiscal 2027 projections were increased from $115 billion and $11.00 to $116 billion and $11.10.
Mizuho also increased its AI server revenue forecasts for fiscal years 2026 and 2027 to $16.6 billion and $22.0 billion, respectively, citing benefits from increasing AI server deployments, including xAI’s Colossus 2 ramp-up and anticipated capital expenditure increases from CRWV in the second half of 2025.
In other recent news, Dell Technologies announced updates to its AI Data Platform, enhancing its capabilities with a new unstructured data engine developed in collaboration with Elastic. This update aims to improve the full AI lifecycle, offering vector search and semantic retrieval with GPU acceleration for better performance. Additionally, Dell Technologies reported the conversion of 3,421,793 Class B shares to Class C shares by Silver Lake Partners, reflecting changes in the company’s share structure. As of July 11, 2025, Dell had 340,673,002 Class C shares and 58,946,330 Class B shares outstanding. BofA Securities recently raised its price target for Dell to $165.00, maintaining a Buy rating, citing anticipated growth in enterprise and sovereign AI sectors over the next decade. Meanwhile, Dell’s stock experienced a decline following Super Micro Computer’s disappointing quarterly results, which missed Wall Street estimates and hinted at potential market share losses in the high-performance server market. These developments highlight Dell’s strategic moves and the market’s response to broader industry trends.
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