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Why Dell (DELL) Stock Is Trading Up Today
Stock Story ·
Stock Story reports: What Happened? Shares of computer hardware and IT solutions company Dell jumped 4.9% in the morning session after Mizuho analyst Vijay Rakesh raised the price target on the stock to $650 from $600 while maintaining an Outperform rating. According to StreetInsider, the higher target follows a quarter in which Dell reported $60.9 billion of AI server orders, $16.4 billion of AI server revenue, and a $95 billion AI server backlog. Management also raised its fiscal 2027…