Technical Analysis for HPE
Based on the upcoming earnings release on March 6, 2025, here's a comprehensive analysis for HPE's stock price prediction for next week:
Key Price Drivers:
Earnings Catalyst: HPE will report Q1 FY2025 results on Thursday, March 6, after market close. This event will be the primary price driver for next week.
Technical Indicators:
News Sentiment Analysis:
Price Target Analysis:
Based on technical analysis and upcoming earnings catalyst:
Trading Recommendation: SELL
Rationale:
Target Exit Price: $21.05-21.25 range Stop Loss: $22.00 (if holding through earnings)
The price of HPE is predicted to go up -7.61%, based on the high correlation periods with DENN. The similarity of these two price pattern on the periods is 96.97%.
HPE
DENN
We view HPE as the leader among peers in offering its entire portfolio as-a-service, which could give it an advantage in winning customers and reduce cyclicality in the future.
HPE is unique in offering a significant compute portfolio alongside a significant networking portfolio, which could be an attractive comprehensive value proposition to customers.
Investors should find HPE's shareholder return strategy, inclusive of a more than 3% dividend yield, attractive.
Deutsche Bank
2024-12-19
Price Target
$25
Upside
+19.67%
Loop Capital
2024-12-09
Price Target
$18 → $24
Upside
+3.85%
Barclays
2024-12-06
Price Target
$24 → $27
Upside
+12.73%