-
Posted by
Two Blokes Jun 10 -
Filed in
Stock
-
2 views
I upgrade HPE to buy from sell on improving and an unchallenging growth forecast with a low 0.6x PEG valuation. HPE's various business segments face relevant competition but are expected to grow cash earnings 9% on improving margins driven by Intelligent Edge analytics service, more so than Servers or Cloud. The $14bn Juniper deal detracts US$2 from my 2026 price target of US$24 and still has a good chance of being approved.
