Hewlett Packard Enterprise (HPE) Tops Q2 EPS by 3c, Offers Guidance
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June 5, 2024 12:04 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an In Line rating and $22.00 price target on HP Enterprise (NYSE: HPE).
The analyst comments "We are closing our tactical outperform call on HPE following solid Apr-qtr earnings. HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise... More
June 5, 2024 5:12 AM EDT
BofA Securities analyst Wamsi Mohan raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $19.00) while maintaining a Neutral rating.
The analyst comments "HPE reported F2Q revenue of $7.2bn (+4% y/y in CC) above our/Street estimates of... More
June 5, 2024 4:44 AM EDT
Evercore ISI analyst Amit Daryanani raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $18.00) while maintaining a In Line rating.
The analyst comments "HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise customers growing, as well as traction in its GreenLake AI offering (fastest growing segment of ARR this quarter). Contrary to disappointing margin performance... More
