02:14 PM EDT, 07/18/2025 (MT Newswires) -- Tech stocks were mixed Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) easing 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.4%.

The Philadelphia Semiconductor index was 0.2% lower.

In corporate news, Dell (DELL) has the potential to post EPS of $19.01 in 2030, more than doubling EPS of $8.14 recorded in fiscal 2025, BofA Securities said in a note. BofA raised its price target on the company to $165 from $155 and maintained its buy rating. Dell shares jumped nearly 6%.

Alphabet (GOOG) is expected to post better-than-projected Q2 results amid a boost from an improved macro environment and forex tailwinds, BofA Securities said. BofA raised its price objective on the company to $210 from $200 while reiterating the buy rating. Alphabet shares rose 0.8%.

AgEagle Aerial Systems ( UAVS ) shares surged 34% after it said its eBee TAC drone is now Blue UAS certified, making it eligible for procurement by the US Department of Defense and other federal agencies.