These Analysts Boost Their Forecasts On Hewlett Packard Enterprise After Strong Results
Portfolio Pulse from Avi Kapoor
Hewlett Packard Enterprise (HPE) reported strong Q2 results, beating both revenue and earnings estimates. The company also provided optimistic guidance for Q3 and the full year. Analysts from B of A Securities and Wells Fargo raised their price targets for HPE following the results.
June 05, 2024 | 12:45 pm
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Hewlett Packard Enterprise reported better-than-expected Q2 results, with revenue of $7.2 billion and earnings of 42 cents per share. The company provided strong guidance for Q3 and the full year. Analysts from B of A Securities and Wells Fargo raised their price targets for HPE.
HPE's strong Q2 performance and optimistic guidance for Q3 and the full year are positive indicators for the stock. The increase in price targets by analysts further supports a positive short-term outlook.
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