HPE AI Servers and Cloud Strength Lead the Charge: Analysts Raise Price Forecasts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
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Source: Benzinga
Hewlett Packard Enterprise Q4 Results: HPE reported a fourth-quarter adjusted EPS of 58 cents, exceeding estimates, with sales rising 15% year-over-year to $8.46 billion. Analysts have raised price targets and expect growth driven by AI server demand despite mixed market conditions.
Analyst Outlook: While some analysts foresee challenges due to industry trends and potential economic slowdowns, others remain optimistic about HPE's positioning for recovery in IT spending and growth in AI servers, leading to revised revenue and EPS estimates for FY25 and FY26.
Analyst Views on CHAT
Wall Street analysts forecast CHAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.850
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
