Dell Shares Get a Boost from Price Target Hike

Dell Technologies shares rose 4.7% after Mizuho raised its price target to $650—reaffirming an "Outperform" rating—driven by strong demand for AI servers.

AI server orders reached $60.9 billion, with a backlog of $95 billion, while the company raised its 2027 revenue forecast to approximately $192 billion.

Despite the positive outlook, insider sales totaling around $1 billion over a three-month period remain a factor worth monitoring.