Dell Technologies (DELL) Target Raised as Mizuho Highlights Growing AI Server Business

Dell Technologies Inc. (NYSE:DELL) ranks among the best computer hardware stocks to invest in. Mizuho maintained its Outperform rating on Dell Technologies Inc. (NYSE:DELL) and increased its price target from $150 to $160 on August 13. The price target hike, which reflects higher expectations for Dell’s artificial intelligence server business, is a multiple of 14.4x Mizuho’s fiscal 2027 earnings per share projection, up from the previous multiple of 13.6x.

Dell Technologies (DELL) Target Raised as Mizuho Highlights Growing AI Server Business

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In contrast to consensus projections of $29.2 billion and $2.29 billion for the July quarter, Mizuho maintained its revenue and EPS estimates at $29 billion and $2.25, respectively.

Citing advantages from growing AI server deployments, such as xAI’s Colossus 2 ramp-up and expected capital expenditure increases from CRWV in the second half of 2025, the firm also raised its AI server revenue forecasts for fiscal years 2026 and 2027 to $16.6 billion and $22 billion, respectively.

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, and maintains a number of IT infrastructure products, including workstations, laptops, desktop computers, mobile devices, storage solutions, software, and cloud services.

While we acknowledge the potential of DELL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DELL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.