HPE: Bank of America still on hold, but raises TP

(CercleFinance.com) - On Friday, Bank of America maintained its 'neutral' rating on HPE shares, but raised its target price for them from $22 to $24 (cp: $21, -2.
6%), following the HPE Discover 2024 event.

In its comments, the broker notably focuses on the presentation of the HPE Private Cloud AI platform, designed with Nvidia, which should enable enterprise customers to deploy AI models in three clicks or 24 seconds.

BofA says that this offering, which is expected in the autumn, should generate new revenue opportunities for HPE, and even enable it to gain market share in the field.


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