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  • Writer's pictureRealFacts Editorial Team

Dell Stock Surges To Record High After Analyst Upgrade

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Following Erik Woodring, an analyst at Morgan Stanley, reaffirming his overweight (buy) rating on Dell stock, the share price surged by over 12% during intraday trading and ultimately closed the day with an 11.2% increase. Woodring increased his price target to $152 from his previous target of $128. He highlighted Dell as the optimal investment choice for capitalizing on the artificial intelligence infrastructure buildout. 

Patrick Seitz, Investors Business Daily author wrote, “In a client note, Woodring said Dell is benefiting from AI server sales momentum, inflecting storage demand and an improving PC market. Meanwhile, its capital return program through dividends and share buybacks is an ‘added kicker.’” In October, Dell revealed its intentions to expand its stock buyback program and quarterly dividend by at least 10% annually until 2028. Additionally, the company aims to allocate a minimum of 80% of its free cash flow to shareholders, a significant increase from its previous commitment of 50%. With these initiatives in place, many analysts are optimistic about Dell's future prospects and its potential to capitalize on the AI boom.

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