Mizuho raises Dell (DELL) price target to $650 from $600; shares up 3.9% Tuesday
What happened
Mizuho raised its price target on Dell Technologies (DELL) from $600 to $650, keeping an Outperform rating. Dell shares rose about 3.8-3.9% in mid-day trading Tuesday to around $573-574, hitting an intraday high of $587.19 and outperforming the broader market (S&P 500 +0.58%, Dow +0.49%). The move came on lighter-than-average volume of about 5.4 million shares versus a 50-day average of 7.9 million.
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Start your free 14-day trialWho’s affected
- DELL — direct beneficiary of the target raise; stock now trading back within ~3.6% of its Sep 18 52-week high of $595.51
- SMCI, NVDA — read-through names in the AI-server/GPU supply chain that Mizuho grouped with Dell in its earlier AI-infrastructure target hikes