HPE rises after Dell's forecast boost - HPE News | RalliesHPE rises after Dell's forecast boost
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HPE• Recent stock performance
- As of the last close, HPE stock has more than doubled year to date and is on track for record yearly gains.
HPE results and analyst view
- HPE quarterly results are due after the bell on Wednesday.
- 16 of 24 brokerages rate the stock "buy" or higher, while 8 rate it "hold"; their median price target is $67.
Shares rise on Dell's raised outlook
- Shares of AI server maker Hewlett Packard Enterprise (HPE.N) rose 4.8% to $53.3 in premarket trading.
- Dell (DELL.N) raised annual revenue and profit forecasts on Tuesday, lifting optimism around AI infrastructure demand.
- Dell's forecast increase was driven by strong AI server demand.
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