15 AI News Making Waves Right Now

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9. Hewlett Packard Enterprise Company (NYSE:HPE)

Market Capitalization: $27.77 billion

Hewlett Packard Enterprise Company (NYSE:HPE) is an American multinational technology company. It offers high-performance computing (HPC) systems, AI software, and data storage solutions that help run complex AI workloads.

One of the biggest analyst calls on Monday, November 18, was about Hewlett Packard Enterprise Company (NYSE:HPE). Raymond James upgraded Hewlett Packard Enterprise Company (NYSE:HPE) to “Strong Buy” from Outperform, and raised the price target from $23 to $29. The upgrade of the stock comes amid “expanding multiple and server growths”. The firm is more bullish on HPE’s refined business model that now separates AI platforms from traditional servers, also leading to an increase in their sales estimates for FY25.

“We upgrade HP Enterprise to Strong Buy from Outperform. We have refined our model to break out AI platforms and traditional servers, and this leads us to increase our FY25 sales estimates.”

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