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What Wall Street Analysts Think of HPE’s Stock Ahead of Earnings [Video]

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Global Marketing Strategies

Hewlett Packard Enterprise (HPE) will report fiscal fourth-quarter earnings after the market closes Thursday, with analysts softly bullish overall ahead of the company’s results.

Of the 10 brokers who analyze HPE and are tracked by Visible Alpha, four have a “buy” or equivalent rating for the server maker, and six maintain “hold” ratings. The consensus price target is nearly $23, which is about 8% above the stock’s price shortly after the opening bell Monday. 

Wall Street expects HPE to report revenue of $8.23 billion, up 12% year-over-year. Net income is protected to come in at $884.7 million, or 66 cents per share, compared with $642 million, or 49 cents a share, a year ago.

Bank of America (BofA) analysts are among those watching the company who are more optimistic, reiterating their “buy” rating and upping their price targetto $26 from $24 in early November. The bank’s securities analysts expect HPE’s server revenue for the …

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