Hewlett Packard Enterprise gains ground after broker upgrades it to strong buy – 11/18/2024 at 10:55 a.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Nov. 18 – **Shares of AI server maker Hewlett Packard Enterprise HPE.N rise 1.7% to $21.42 in premarket trading

**Raymond James upgrades the stock to “strong buy” from “outperform”, increases PT to $29 from $23, representing an increase of ~38% compared to the stock's last close

**Broker expects in-line quarter when HPE reports Q4 results on Dec. 6, with federal vertical risk coupled with improved growth for FY25

** Broker expects Juniper deal to close on schedule and improve growth prospects

** Although HPE lags behind peer Dell Technologies DELL.N, it appears to have a larger and more diverse customer base, reducing volatility – brokerage

**8 of 18 brokerages rate the stock at “buy” or higher, 10 at “hold” and their median forecast is $22 – LSEG data

** Through the last close, the stock was up 24% this year