Dell rises after lifting annual profit forecast

Shares of Dell Technologies DELL.N rise 1.91% to $115.50 in premarket trading

Co raises annual profit forecast, expects annual adj profit to be $9.40 per share, compared with its prior forecast of $9.30

"Looking long-term, Dell is well positioned to lead the industry both in relation to AI deployments with its differentiated capabilities, as well as relative to its traditional IT portfolio supported by best-in class supply chain management" - J.P.Morgan

JPM raises DELL PT to $125 from $111, an upside of ~10% to the stock's last close of $113.63
Softness in macro impacting higher margin product lines remains a source of concern in near-term - JPM

Avg rating of 24 brokerages is "buy"; their median PT is $128 - data compiled by LSEG

Through Thursday, DELL stock down ~1% YTD