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Mizuho Securities’ top analyst Vijay Rakesh reiterated a Buy rating on Dell and set a price target of $500. Rakesh’s call comes after a sharp move in the stock following a strong earnings reaction.
Rakesh, who covers the technology sector with a focus on companies such as Micron (MU), Intel (INTC), and Dell, has an average return of 74.7% and a 73.17% success rate on his stock recommendations, according to TipRanks’ data. His latest rating keeps him aligned with the broader bullish camp on Dell, where analysts see the company benefiting from rising demand for AI servers.
As mentioned, DELL shares skyrocketed 32.76% on Friday, following the company’s strong earnings call. The stock closed at $420.91.
AI Demand Is Driving the Dell Story
