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Hewlett Packard Enterprise shares (HPE), which rose on the back of better-than expected fiscal fourth-quarter financial results, saw analysts increase their price target.
Stifel confirmed its Buy rating for the maker of servers and increased its target price to $25 from the previous $22, referring the company’s share prices as “the shares”. “undervalued” “strong demand for [artificial intelligence (AI)] servers and signs of a recovery in traditional servers.”
Morgan Stanley upgrades HP Enterprise “overweight” You can also find out more about us on our website. “equal weight” The price target was raised to $28. The firm noted that HP Enterprise outperformed its results from last quarter "driven by AI servers." AI server revenues were in line with expectations, at $1.5 billion.
HP Enterprise’s fiscal fourth-quarter revenue was $8.5 billion. This is a record, and represents a 15% increase over the previous year. It also exceeds Visible Alpha’s analyst consensus. In the fourth quarter of fiscal year 2010, HP Enterprise posted a record revenue of $8.5 billion. That was up 15% from last year and above Visible Alpha’s analyst consensus.
HP Enterprise Server revenue increased 32%, to $4.7 Billion. This was higher than analysts’ expectations. HP announced in October that it had launched new servers with Advanced Micro Devices’ (AMD) processors, which are designed to run AI clusters and support tasks such as the training of large language models.
The intraday price of HP Enterprise shares rose by more than 10% on Friday to $24.01. They have risen more than 40% since 2024.
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