11:09 AM EDT, 09/27/2024 (MT Newswires) -- Dell Technologies ( DELL ) is poised for double-digit revenue growth in the coming quarters and double-digit earnings growth "in the next several years" on the back of gains in key segments and "prudent" expense management, Deutsche Bank said Friday in a note.

Revenue growth will benefit from tailwinds in servers, storage and commercial PCs, bolstered by momentum in artificial intelligence, the note said.

The investment firm estimated a 14% compound annual growth rate in earnings per share from fiscal years 2025 to 2028. Dell " is committed to returning a significant portion" of free cash flow to shareholders through dividends and share buybacks, the note said.

Deutsche Bank set coverage on Dell with a buy rating and a $144 price target.

Dell shares fell 3.7% in recent trading Friday.

Price: 121.80, Change: -4.69, Percent Change: -3.71