On April 27, Bank of America raised its price recommendation on Hewlett Packard Enterprise Company (NYSE:HPE) to $38 from $32. It reiterated a Buy rating on the shares. The analyst pointed to the next phase of AI shifting toward agentic systems. In that context, both Dell Technologies and HPE are expected to see stronger demand for AI servers and storage. At the same time, the traditional server business remains important. The analyst noted that higher valuation multiples are being applied to both companies ...