Meta Marshall, an analyst from Morgan Stanley, maintained the Hold rating on Hewlett Packard Enterprise (HPE – Research Report). The associated price target remains the same with $22.00.
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Meta Marshall has given his Hold rating due to a combination of factors influencing Hewlett Packard Enterprise’s performance. The company showed a positive surprise in its financial results for the second quarter, primarily driven by stronger-than-expected revenue from AI servers and storage. Additionally, cost containment efforts, including a workforce reduction and lower-than-anticipated tariff impacts, contributed to a better-than-expected bottom line.
Despite these positive developments, Marshall remains cautious due to the need for the Juniper trial to conclude as it represents a significant catalyst for the stock’s future performance. The trial’s outcome is expected to have a substantial impact on the stock price, and until it is resolved, there is uncertainty regarding meaningful earnings and multiple expansions. Furthermore, Elliott Management’s involvement is seen as providing a downside floor for the stock in the near term, but the overall outlook remains tempered by these uncertainties.
Marshall covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Cisco Systems, and Coherent Corp. According to TipRanks, Marshall has an average return of 6.9% and a 58.36% success rate on recommended stocks.
In another report released yesterday, Wells Fargo also reiterated a Hold rating on the stock with a $20.00 price target.
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