Hewlett Packard Enterprise Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Hewlett Packard Enterprise Company HPE is projected to release financial results for its fourth quarter for fiscal 2023, after the closing bell on Nov. 28, 2023.

Analysts expect the company to post quarterly earnings at 50 cents per share, down from year-ago earnings of 57 cents per share. The company’s revenue might come in at $7.35 billion for the latest quarter, compared to $7.87 billion in the year-earlier quarter, according to data from Benzinga Pro.

The company recently guided FY24 revenue growth of 2%-4% in constant currency, adjusted operating profit growth of approximately 3%-5%, and adjusted EPS of $1.82-$2.02.

Hewlett Packard Enterprise shares gained 0.3% to close at $15.83 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $20 to $21 on Aug. 30, 2023. This analyst has an accuracy rate of 84%.
• Morgan Stanley analyst Meta Marshall maintained an Underweight rating and increased the price target from $14 to $15 on Aug. 30, 2023. This analyst has an accuracy rate of 70%.
• Credit Suisse analyst Shannon Cross maintained an Outperform rating and cut the price target from $21 to $20 on Aug. 30, 2023. This analyst has an accuracy rate of 72%.
• B of A Securities analyst Wamsi Mohan maintained a Neutral rating and raised the price target from $18 to $19 on Aug. 30, 2023. This analyst has an accuracy rate of 76%.
• Citigroup analyst Asiya Merchant initiated coverage on the stock with a Neutral rating and a price target of $18 on June 30, 2023. This analyst has an accuracy rate of 78%.

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