Stifel lowered the firm’s price target on HP Enterprise to $18 from $20 and keeps a Buy rating on the shares. Weaker networking and AI supply constraints drove a top-line miss, but guidance implies “strong” AI growth in the second half as GPU-supply improves and as customers accept pushed-out deliveries, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HPE:
- HPE Earnings: Hewlett Packard Down on Mixed Q1 Results
- Hewlett Packard Enterprise Announces Quarterly Dividend and Future Outlook
- Options Volatility and Implied Earnings Moves Today, February 29, 2024
- UBS hardware/networking analyst holds an analyst/industry conference call
- HPE Upcoming Earnings Report: What to Expect?
