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. 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.
A team of IT experts discussing the latest network security trends over a laptop screen.
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. 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.
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This article is originally published at Insider Monkey.
