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.
