Dell shares surge after new company announcement

Dell Announces New Revenue Growth

 

Tech giant Dell's stock rose after the company's recent 

announcement of raising its annual revenue growth target

from 3-4% to 7-9%.

In addition, the company also announced raising its non-GAAP earnings growth

 target from 8% to 15% year-over-year.

The company also extended its 10% quarterly dividend increase

through 2030, instead of 2028.

Finally, the company announced that it is currently

 developing artificial intelligence

to bring its $20 billion projected value into operation.

 

Technical Outlook for the Stock

 

Regarding the company's technical analysis,

the stock has managed to break through previous resistance areas

which were located at $147,

confirming the continuation of the current uptrend.

New strong buying zones have been formed.

Located at $133.57, these are currently considered

one of the most important buying zones. If tested, it is expected to

resume a resurgence and resume the uptrend.