Mizuho Securities Raised the PT on Dell Technologies (DELL), Kept a Buy Rating

Dell Technologies Inc. (NYSE:DELL) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On June 2, Mizuho Securities analyst Vijay Rakesh raised the firm’s price target on Dell Technologies Inc. (NYSE:DELL) from $145 to $150, while keeping a Buy rating on the stock.

The price target upgrade is based on the company’s robust performance during the fiscal first quarter of 2026. For the quarter, Dell Technologies Inc. (NYSE:DELL) posted a revenue of $23.4 billion, reflecting a 5% increase year-over-year and ahead of analysts’ expectations by $184.71 million. Notably, the operating income for the quarter also grew 21% year-over-year, reaching $1.2 billion.

Mizuho Securities Raised the PT on Dell Technologies (DELL), Kept a Buy Rating

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The growth was driven by improvement across all core businesses, which led to a record first-quarter free cash flow of $2.8 billion. Taking inspiration from the results, management expects the full year revenue to be between $101.0 billion and $105.0 billion, reflecting an 8% year-over-year increase.

Dell Technologies Inc. (NYSE:DELL) designs and sells various tech-related products and services. The company operates through two main business segments, including the Infrastructure Solutions Group and Client Solutions Group.

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.