Susquehanna analyst Mehdi Hosseini said HP Enterprise reported stronger than expected results, with record 1Q revenue of $7.8B beating both our and consensus estimates. Susquehanna updated estimates following its earnings report and conference call. We believe the company’s better than expected report reflects its relatively easier compare from 2022 and backlog leading to what looks more like a near-term peak and should be viewed favorably. Susquehanna maintains its Neutral rating and $16 price target on HP Enterprise shares.
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Published first on TheFly
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