Mizuho raised target for Dell Technologies stock from USD 600.00 to USD 650.00

Published on 10/09/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dell booked USD 46.97 billion in Q2 fiscal 2027 revenue. Dell Technologies stock costs EUR 528.70 on October 9, 2026 versus the EUR 512.90 prior close.

Key points in brief

Mizuho raised its Dell Technologies price target from USD 600.00 to USD 650.00 on October 6, 2026.
Q2 fiscal 2027 revenue reached USD 46.97 billion, up 58.00 percent year over year.
Dell Technologies stock was trading at EUR 528.70 at Lang & Schwarz on October 9, 2026, plus 3.08 percent versus EUR 512.90.
The stock's primary exchange is the NYSE, with a USD 110.22 to USD 595.51 52-week range.

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

Dell Technologies (ISIN US24703L2025) was trading at EUR 528.70 at Lang & Schwarz on October 9, 2026 at 3:32 p.m. CEST, up 3.08 percent versus the prior close. Mizuho raised its price target for Dell Technologies from USD 600.00 to USD 650.00 on October 6, 2026, while maintaining an Outperform rating, according to MarketBeat.

Three dated operating milestones

Dell's fiscal second-quarter 2027 results, released on September 1, 2026, included revenue of USD 46.97 billion and adjusted earnings per share of USD 7.04, according to MarketBeat. On September 9, 2026, Futurum reported that AI-optimized server revenue reached USD 16.40 billion, up 100.00 percent year over year, while traditional servers and networking generated USD 10.53 billion, up 122.00 percent.

The October 6, 2026 Mizuho action added a market valuation marker to that operating picture. The USD 650.00 target is 8.33 percent above the earlier USD 600.00 target, while the target itself is not a substitute for Dell's reported results or its execution risk.

What does AI demand mean for revenue?

Futurum said Dell booked USD 60.90 billion in AI server orders during Q2 fiscal 2027 and exited the period with a USD 95.00 billion AI server backlog. It also said Dell had booked more than USD 130.00 billion in AI server orders over the preceding 12 months, giving the company a larger order-conversion task for the remainder of fiscal 2027.

The comparison across product lines is important. AI-optimized server revenue doubled year over year, while traditional servers and networking grew 122.00 percent and storage revenue rose 26.00 percent to USD 4.85 billion in Q2 fiscal 2027, according to Futurum. This mix gives Dell exposure to networking and storage spending around AI deployments, not only to accelerated computing systems.

Next dividend dates are October 20 and 30

MarketBeat reported that Dell set October 20, 2026 as the record date for a USD 0.63 quarterly dividend, with payment scheduled for October 30, 2026.

Stock sits near its yearly high

On the NYSE, Dell was last quoted at USD 587.16 on October 9, 2026 at 9:34 a.m. ET. That level stood 1.40 percent below the 52-week high of USD 595.51 and placed the USD 390.0 billion company near the upper end of its USD 110.22 to USD 595.51 yearly range.

The further course of trading is shown by the continuously updated real-time quote of Dell Technologies stock.