BofA lowered the firm’s price target on HP Enterprise to $19 from $20 and keeps a Neutral rating on the shares. Following the company’s Q4 report, the firm’s keeps its FY24 revenue estimate of $29.4B but lowers its FY24 EPS forecast to $1.88 from $1.98 and says it expects free cash flow to be down year-over-year in FY24 given some of the working capital benefit seen in fiscal Q4.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HPE:
- Analysts are Split on HP Enterprise (NYSE:HPE) after Earnings Report
- Early notable gainers among liquid option names on November 29th
- HP Enterprise price target raised to $16 from $15 at Morgan Stanley
- HP Enterprise price target lowered to $15 from $16 at Barclays
- HP Enterprise backs FY24 EPS view of $1.82-$2.02, consensus $2.00