J.P. Morgan Maintains Buy Rating and Price Target for Hewlett Packard Enterprise
Hewlett Packard Enterprise shares closed at $55.23. Analyst Joseph Cardoso reiterated a Buy rating and set a $70.00 price target, while Citi also maintained a Buy with a $74.00 target. The stock consensus is a Moderate Buy with a $69.71 target. For the quarter ended April 30, HPE reported $10.68B revenue and $624M net profit, versus $7.59B revenue and a GAAP net loss of $1.05B a year earlier. Insider activity shows negative sentiment after increased selling, including SVP Treasurer Kirt Karros selling 23,675 shares for $1.11M.