Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-07
HPE [bullish]
Hewlett Packard Enterprise Company
+10.48%
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.
Market Cap
$30.1B
Pitch Price
$19.22
Price Target
26.00 (+14%)
Dividend
2.28%
EV/EBITDA
9.90
P/E
26.51
EV/Sales
1.51
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)