September 26th,2024

Shares of HPE rose to the highest level since August dump on Wednesday, following an upgrade
in the company’s rating from Barclays, and a forecast of growth in the AI market.
Barclays lifted the stock to ‘overweight’ from ‘equal weight’ while raising the price target to $24
from $20. After this, HPE’s stock rose roughly to $19.80 in the afternoon trading system from
this buying of important quantity of their stocks.
Barclay’s analyst of the company predicts that HPE will increase the sales of its AI server,
upgrade its storage and cut cost from its latest acquisition of Juniper Networks which was valued
at $14 billion this year. Regarding the specific opportunities in the development, they also said
that HPE might be the one for investors top option to target the AI market.
This upgrading comes after Bank of America followed the same and increased its rating and
price target of HPE last week. The acquired companies’ prospect in the new market was
supported by Bank of America with reference to HPE’s knowledge of liquid cooling systems and
supercomputing suitable for the emerging AI market.
By these successes, HPE shares are now 17% higher YTD in the market.