Hewlett Packard Enterprise surges as AI-server demand powers strong results
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June 7, 2024 7:20 AM EDT
Argus analyst Jim Kelleher upgraded HP Enterprise (NYSE: HPE) from Hold to Buy with a price target of $26.00.
The analyst comments "We are raising our intermediate-term rating on Hewlett Packard Enterprise to BUY from HOLD, based on the company's strong positioning and... More
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
