Keep an eye on Dell (SYM: DELL).
Just yesterday, it broke from consolidation to the upside and could potentially refill its bearish gap at around $135 near term. Helping, analysts at Deutsche Bank just resumed its coverage of the tech stock with a buy rating and a $144 price target.
“The firm expects Dell’s sales growth to accelerate into the double-digits over the next several quarters, saying the company benefits from a “confluence of tailwinds across key segments,” where it is a share leader. This includes ongoing momentum in artificial intelligence servers alongside a recovery in traditional servers and storage,” noted TheFly.com.
Analysts at Mizuho also initiated an outperform rating on Dell with a $135 price target.
Even better, the tech company just declared a $0.445 per share dividend, which is payable on November 1 to shareholders of record as of October 22.
