Dell Technologies Stock Rises as Top Barclays Analyst Upgrades to 'Buy'
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Dell Technologies (DELL) stock rose approximately 2% after Barclays analyst Tim Long upgraded it to 'Buy' from 'Hold', setting a price target of $148. The upgrade is attributed to strong AI server orders and stability in operating margins. Long anticipates significant growth in AI server shipments, projecting $9.4 billion in Q4 and $25 billion for the year. Wall Street currently rates DELL as a Strong Buy, with an average price target of $164.86, suggesting a 36% upside potential.
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