Citi analyst Asiya Merchant raised the firm’s price target on HPE (HPE) to $39 from $27 and keeps a Buy rating on the shares. The firm upped the price target ahead of the Q1 report. Supply chain commentary suggests server demand is benefiting from AI infrastructure buildouts and rising usage for agentic AI workloads, the analyst tells investors in a research note.
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: