Dell (NASDAQ:DELL) Should Maintain Growth Through 2011

Dell (NASDAQ:DELL) is expected to maintain its growth through 2011, said Needham & Company, who maintains their "Buy" rating on the company.

Needham said, "While a strong enterprise segment was forecasted to drive results in the quarter, the positive mix shift combined with the beneficial component environment led to better than expected GM. With the consumer business no longer a drag on margins, we expect Dell to maintain growth through F11 and represent a solid investment vehicle to benefit from the continued corporate PC and server refresh cycle."

Dell closed Friday at $13.90, gaining $0.23, or 1.68 percent. Needham has a price target of $16 on Dell.