Movement Alert|Hewlett Packard Enterprise Rises 3.66% in Regular Trading, JPMorgan Raises Price Target Amid Favorable Earnings Setup

Market Focus
Yesterday

On August 25, Hewlett Packard Enterprise rose 3.66% in regular trading, trading at $54.435/share, with turnover of $32.78 million. The rebound follows a 3.29% decline in the prior session.

On the news front, JPMorgan raised its price target on Hewlett Packard Enterprise to $70 from $68, maintaining an overweight rating. Meanwhile, Morgan Stanley noted that compared to Dell, HP, and NetApp — which face elevated buyside expectations heading into earnings — Hewlett Packard Enterprise carries a more favorable expectation gap ahead of its upcoming fiscal Q3 report scheduled for September 2. Morgan Stanley had previously upgraded the stock to Overweight from Equalweight on August 10. The consensus analyst rating stands at overweight with a mean price target of $68.47.

Additional sell-side support includes Citigroup maintaining a Buy rating with a $74 target and Goldman Sachs holding a Buy rating with a $75 target, suggesting meaningful upside from current levels as the company approaches its earnings release with expected EPS of $0.81.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10