Deutsche Bank analyst Sidney Ho raised the firm’s price target on HP Enterprise to $16 from $15 and keeps a Hold rating on the shares. The company reported a strong fiscal Q4, driven by strength in Compute and easing supply constraints, Ho tells investors in a research note. Despite the near-term upside, HP Enterprise maintained its full-year fiscal 2023 revenue guidance of up 2%-4%, implying revenue growth will decelerate in the back half of the year, says the analyst. Ho believes the shares are fairly valued.
Published first on TheFly
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