Hewlett Packard Enterprise (HPE) June weekly 17.50 straddle into quarter results
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HP Enterprise (HPE) PT Raised to $22 at Evercore ISI
June 5, 2024 4:44 AM EDTEvercore 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
