Hewlett Packard Enterprise (HPE) is set to report next week, with Wall Street expecting earnings growth.
Zurcher Kantonalbank and
UBS AM have grown their holdings in HPE, indicating increasing institutional interest in the stock, while
Harvest Fund Management and
Cerity Partners also increased their stakes. HPE’s shares have been experiencing volatility, having gapped down to $20.8 and rising by 5.38% and 3.1% within weeks. Initiatives from HPE, such as AI-driven weather models for
RWE,
GreenLake updates to simplify hybrid cloud and AI, and
partnerships with firms like
Securiti for secure AI development, project a solid vision for its growth. Significant attention has been given to its
AI revenues, which are expected to skyrocket, and a potential $14 billion takeover of Juniper Networks. The DOJ’s decision on this matter is keenly awaited. The
strong AI and cloud growth have been seen as key drivers for HPE’s future, with Redditors speculating the HPE stock going ‘to the moon’. Jim Cramer of CNBC has also recommended investors to ‘aggressively’ buy HPE. A potential undervaluation is also being discussed, especially in light of a
price target increase by Citi and a
buy upgrade by Bank of America.
Hewlett Packard Enterprise Company HPE News Analytics from Thu, 30 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:46:39 GMT -
Rating 4
- Innovation 7
- Information 9
- Rumor -3
