Dell stock hits 52-week high at 147.67 USD

Dell Technologies Inc’s stock reached a significant milestone, hitting a 52-week high of 147.67 USD. With a market capitalization of $98.8 billion and trailing twelve-month revenue of $101.45 billion, Dell continues to demonstrate its substantial market presence. According to InvestingPro analysis, the company maintains a GOOD financial health score. This achievement reflects a robust year for the company, with its stock experiencing a notable 1-year change of 29.67%. Trading at a P/E ratio of 21.5, with analyst targets ranging from $104 to $180, the surge in Dell’s stock price underscores strong investor confidence and positive market sentiment towards the company’s performance and future prospects. This latest high marks a period of growth and resilience for Dell, as it continues to navigate the competitive landscape of the technology sector. Discover more insights and 12 additional ProTips with an InvestingPro subscription.

In other recent news, Dell Technologies has experienced several noteworthy developments. Fitch Ratings upgraded Dell Technologies to ’BBB+’ from ’BBB’, highlighting the rapid growth in its AI server business and sustained core EBITDA leverage below 2x since fiscal 2024. Additionally, Dell announced the launch of its PowerEdge XR8720t server, aimed at simplifying edge and telecom infrastructure by supporting Open RAN and Cloud RAN deployments on a single server. This innovation addresses challenges related to cost, operational complexity, and resource demands in traditional multi-server setups.

In the investment community, JPMorgan reiterated its Overweight rating and maintained a $145.00 price target on Dell ahead of the company’s upcoming Securities Analyst Meeting. Dell also reported a conversion of 3.9 million Class B shares to Class C common stock, executed by several Silver Lake entities. This transaction resulted in Dell having 338,646,945 shares of Class C common stock and 54,790,897 shares of Class B common stock outstanding.

Furthermore, Dell participated in a $1.1 billion funding round for Nscale Global Holdings, alongside Nvidia and Nokia, to expand AI data centers across Europe, North America, and the Middle East. These developments underscore Dell’s active role in advancing technology infrastructure and its ongoing engagement with key industry partners.

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