Hewlett Packard Is Positioned For A Robust Refresh Cycle
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Hewlett Packard (HPE) is expected to report FY24 earnings with 1-3% growth and diluted EPS of $1.68-$1.73. The company has a bullish buy rating and a $28.64/share target. Q3'24 saw a 10% sales growth driven by AI systems, with significant expansion in GreenLake customers and a strong AI portfolio.
November 25, 2024 | 2:15 pm
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Hewlett Packard (HPE) is expected to report FY24 earnings growth of 1-3% and diluted EPS of $1.68-$1.73. The company has a bullish buy rating and a $28.64/share target. Q3'24 saw a 10% sales growth driven by AI systems, with significant expansion in GreenLake customers and a strong AI portfolio.
HPE's expected earnings growth and strong Q3'24 sales driven by AI systems indicate positive momentum. The bullish buy rating and price target suggest investor confidence, likely leading to a short-term positive impact on stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100