What Wall Street Analysts Think of HPE’s Stock Ahead of Earnings | Global News Avenue

Hewlett Packard Enterprise (HP) will report fiscal fourth-quarter earnings after the close on Thursday, and analysts were generally mildly bullish on the company ahead of its results.

Of the 10 brokers that cover HPE and are tracked by Visible Alpha, four have a “buy” or equivalent rating on the server maker, while six maintain a “hold” rating. this consensus price The price target is nearly $23, about 8% higher than where the stock was trading shortly after Monday’s open.

Wall Street expects HPE to report income 8.23 billion US dollars, a year-on-year increase of 12%. Net income was $884.7 million, or 66 cents a share, compared with $642 million, or 49 cents a share, a year ago.

Bank of America analysts are optimistic about the artificial intelligence server market in 2025

Analysts at Bank of America (BofA) are more bullish on the company, reiterating their “buy” rating and upgrading their ratings. price target It rose to $26 from $24 in early November. The bank’s securities analysts expect HPE’s server revenue to rise 33% in the latest quarter to $4.8 billion, slightly higher than analysts’ expectations, and they are optimistic about HPE’s server revenue. Artificial Intelligence (AI) The server market in 2025.

October, HPE Launch new server Powered by chips from Advanced Micro Devices (AMD), designed to support AI clusters for tasks such as training large language model.

“Our model is broadly in line (for the fourth quarter) but expects to be slightly ahead of the Street (for the first quarter of fiscal 2025) given the momentum in artificial intelligence,” Bank of America analysts said.

HPE shares were up nearly 1.5% at $21.53 as of noon Monday, and are up about 27% in 2024.