Hewlett Packard Edge Computing's Promise Amidst Dwindling Compute Sales: Analysts
Portfolio Pulse from Anusuya Lahiri
Hewlett Packard Enterprise (HPE) stock is down after mixed Q2 results and weak Q3 guidance. Analysts from Susquehanna, Raymond James, and Credit Suisse have reiterated their ratings and adjusted price targets. HPE's Compute sales are expected to decline Y/Y until mid-2024, but growth in Intelligent Edge and AI could provide a favorable mix.
May 31, 2023 | 3:41 pm
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HPE stock is down after mixed Q2 results and weak Q3 guidance. Analysts expect a decline in Compute sales until mid-2024, but growth in Intelligent Edge and AI could provide a favorable mix.
HPE's stock is down due to mixed Q2 results and weak Q3 guidance. Analysts expect the company's Compute sales to decline Y/Y until mid-2024, which could negatively impact the stock price. However, growth in Intelligent Edge and AI could provide a favorable mix, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100