On Friday, Bank of America reiterated its 'neutral' opinion on HPE, but raised its price target on the stock from $22 to $24 following this week's HPE Discover 2024 event.

In its note, the broker focuses in particular on the presentation of the HPE Private Cloud AI platform, designed with Nvidia, which should enable enterprise customers to deploy AI models in three clicks or 24 seconds.

According to BofA, this offering, expected in the fall, should generate new revenue opportunities for HPE, and even enable it to gain market share in the field.

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