Dell Technologies stock gains 5.80 percent as Mizuho lifts target

Published on 10/06/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dell Technologies stock traded at USD 584.31 on October 6, 2026, while Mizuho lifted its target to USD 650.00. Fiscal Q2 revenue rose 58 percent.

Dell Technologies Inc., US24703L2025, Illustration mit AI erstellt.

Dell Technologies (ISIN US24703L2025) was trading at USD 584.31 on the NYSE at 10:06 a.m. ET on October 6, 2026, up 5.80 percent from the previous close. The immediate catalyst was Mizuho's increase of its price target from USD 600.00 to USD 650.00, while the firm retained an Outperform rating, according to MarketBeat on October 6, 2026.

AI demand lifts quarterly numbers

Dell's fiscal Q2 2027 results provide the operating backdrop for the analyst action. Revenue reached USD 46.971 billion for the quarter ended July 31, 2026, while diluted EPS was USD 6.34 and net income was USD 4.133 billion.

The quarterly revenue increased 58 percent year over year, and diluted EPS rose 273 percent year over year, according to the company's fiscal Q2 release carried by Last10K on September 1, 2026. Dell also reported USD 16.4 billion in AI-optimized server revenue and a USD 95 billion AI server backlog for the period.

Guidance sets a higher bar

Dell raised fiscal 2027 revenue guidance to USD 192.0 billion, up 69 percent year over year, and set non-GAAP EPS guidance at USD 25.50. The company also reported USD 31.8 billion in Infrastructure Solutions Group revenue, up 89 percent year over year, making AI infrastructure the central financial driver.

Analyst sentiment remains positive but the valuation hurdle is higher after the rally. MarketBeat reported on October 5, 2026, that 36 analysts carried a Moderate Buy consensus, including 27 Buy ratings, 8 Hold ratings and 1 Strong Buy rating, with an average 12-month target of USD 569.12.

Dell stock trades near yearly high

Dell Technologies stock was trading at USD 584.31 on the NYSE on October 6, 2026, with a 52-week range of USD 110.22 to USD 595.51. Its market capitalization was USD 388.1 billion and volume stood at 1,724,294 shares at the quoted time.

The company has also declared a USD 0.63 quarterly dividend. The ex-dividend date is October 20, 2026, and the payment date is October 30, 2026, according to MarketBeat.