Hewlett Packard Enterprise Co (NYSE:HPE) Updated Price Targets

The analyst reiterates an Outperform rating on the company with and raises his price target to $25. The stock’s market capitalization has now valued at $32.14B. The stock price is going above to its 52 week low with 70.49% and lagging behind from its 52 week high with -0.81%.

The move is the latest in a string of adjustments created to boost HPE’s service unit and it is claimed the the new “pure play” IT services company will be worth $26 billion (£18bn) when the deal is completed by 31 March next year. The sales growth over the last 5 years is at -2.60% while earning per share for the last 12 months is at 1.27. Institutional ownership in the company is 82.70% while the short ratio is 6.92. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42.

Rennova Health Inc (NASDAQ:RNVA) after beginning at $0.55, closed at $0.54 by building up +4.25% in recent trading session. The company had revenue of $12711.00 million for the quarter, compared to analysts expectations of $12336.07 million. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $18.00 target price (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Thursday, March 24th.

Channel partners say Hewlett-Packard Enterprise may have a tough time finding a buyer for some of its software assets, including what remains from its $10.3 billion acquisition of Autonomy, which are reportedly up for sale. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company.

The firm chose to take a closer look at the company’s financial profile after its 2016 second quarter results and its decision to spin off its enterprises services unit and merge it with Computer Sciences Corp. The price target according to the broker shows a possible increase of 24.38% from the current stock price of 20.1.

Those assets include Autonomy, the Cambridge-based search and analytics technology company it acquired in 2011, which is now the subject of legal action against its CEO and founder Mike Lynch, as well as chief financial officer Sushovan Hussain over allegations of accounting fraud, claims that Lynch and Hussain deny.