Dell Technologies Inc. (NYSE:DELL) ranks among the best consumer electronics stocks to buy now. On October 8, UBS maintained its Buy rating on Dell Technologies Inc. (NYSE:DELL) and increased its price target from $155 to $186. The 20% rise is the result of UBS’s forecast that AI server revenue will expand by 20% to 25% in a sustainable manner without experiencing a major decline in operating margins.
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Dell Technologies Inc. (NYSE:DELL) has lifted its earnings per share growth prediction to 15+%, topping the firm’s previous 10+% projection, and increased its long-term revenue growth objective to 7%-9%, surpassing UBS’s previous 6%-8% projections.
In order to address some AI margin worries that have impacted Dell’s multiple, UBS has revised its long-term EPS compound annual growth rate prediction to at least 12%, which is 500 basis points faster than its previous target of 7%.
Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, and maintains a number of IT infrastructure products, including workstations, laptops, desktop computers, mobile devices, storage solutions, software, and cloud services.
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Disclosure: None. This article is originally published at Insider Monkey.