On Dec 07, major Wall Street analysts update their ratings for $Hewlett Packard Enterprise (HPE.US)$, with price targets ranging from $22 to $28.
Morgan Stanley analyst Meta Marshall maintains with a buy rating, and maintains the target price at $28.
Citi analyst Asiya Merchant upgrades to a buy rating, and adjusts the target price from $23 to $26.
Evercore analyst Amit Daryanani maintains with a hold rating, and maintains the target price at $22.
Stifel analyst Matthew Sheerin maintains with a buy rating, and adjusts the target price from $22 to $25.
Furthermore, according to the comprehensive report, the opinions of $Hewlett Packard Enterprise (HPE.US)$'s main analysts recently are as follows:
The company captured attention with a solid quarterly performance, although there was a noticeable decrease in artificial intelligence orders and backlog. Nevertheless, it appears that the company is adopting a more selective approach in this sector. Additionally, there was a positive aspect where its traditional servers and storage performance exceeded expectations.
The acquisition of Juniper is viewed as a near-term attractive value proposition, emerging from inventory challenges and securing new cloud customers. This strategic acquisition is considered a catalyst for reevaluating HP Enterprise's shares, presenting potential for earnings improvement and valuation enhancement.
Following a robust Q4 performance, driven by AI and traditional server strength, it is noted that the company anticipates the completion of its acquisition of Juniper in early FY25. A detailed combined FY25 outlook is expected to be provided post-acquisition closure, prompted by continuing server strength.
Here are the latest investment ratings and price targets for $Hewlett Packard Enterprise (HPE.US)$ from 4 analysts:
Note:
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