BofA raised the firm’s price target on HPE (HPE) to $38 from $32 and keeps a Buy rating on the shares. The next phase of AI is agentic and the importance of agentic AI for Dell (DELL) and HPE is increasing demand for AI servers and storage, but especially their traditional server business, says the analyst, who is using higher multiples for both to reflect upside from increased demand for both AI servers and traditional compute.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- BioNTech, HPE, BitMine, US Bancorp, Rezolve AI Shock
- Super Micro Plunges on Reported $1.4B Oracle Contract Loss
- Early notable gainers among liquid option names on April 20th
- HPE: Attractive Valuation and Margin-Focused Strategy Support Buy Rating Despite Slower Cloud & AI Growth
- Hewlett Packard Enterprise put volume heavy and directionally bearish