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Dell shares rose on upgraded outlook, AI growth hopes, and strong credit rating ahead of key investor event.
Dell Technologies shares rose 3.66% to $146.97 amid positive analyst sentiment and anticipation for its October 7 analyst meeting.
Bank of America upgraded the stock to Buy, citing strong AI server growth potential, with projections of $20 billion in revenue by fiscal 2026 and $65 billion in additional sales over five years.
The firm also raised its price target to $170, citing 12% annual revenue and 15% earnings growth.
Investors are positioning ahead of expected updates on long-term targets, including 9%–11% revenue growth and 13%–15% earnings growth.
Additionally, Dell received a 'low default risk' credit rating, reflecting improved financial health and bolstering investor confidence.
Las acciones de Dell subieron con perspectivas mejoradas, esperanzas de crecimiento de AI y una sólida calificación crediticia antes del evento clave de los inversores.