BofA raised the firm’s price target on Dell Technologies (DELL) to $170 from $167 and keeps a Buy rating on the shares. Dell’s Securities Analyst Meeting is scheduled for October 7, where the firm expects the company to lay out its new long-term guidance. The firm, which notes it recently laid out its own five-year expectations and made a case for 12% long-term revenue growth and 15% EPS growth, now believes its prior AI server revenue and share trajectory could prove conservative given Dell’s current momentum.
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