Stifel raised the firm’s price target on HP Enterprise (HPE) to $25 from $22 and keeps a Buy rating on the shares following a Q4 beat on AI and traditional server strength. Noting that the company expects to close its acquisition of Juniper (JNPR) in early FY25 and will provide a detailed combined FY25 outlook post-close, the firm raised its estimates on the continued server strength.
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