Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-07
HPE [bullish]
Hewlett Packard Enterprise Company
+11.61%
current return
Author Info
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Company Info
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.
Market Cap
$28.3B
Pitch Price
$19.32
Price Target
26.00 (+21%)
Dividend
2.41%
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Hewlett Packard Enterprise Company: Raising HPE to BUY on AI opportunity
HPE: ARGUS upgrades to BUY on strong AI positioning across ISS/GPU servers, Cray supercomputers, Greenlake cloud, & NVDA partnership. Q2 beat, raised FY24 guidance on AI momentum despite overall earnings decline. $4.6B AI orders, expanding margins, and Juniper acquisition to fuel growth. $26 PT reflects cheap valuation vs rejuvenation potential from AI exposure.
Read full article (12 min)