This was the stock's fifth consecutive day of gains.

Key Takeaways Hewlett Packard Enterprise was upgraded by Bank of America, which said the firm had several future catalysts.The bank also raised the price target to $24 from $21.The analysts pointed to HPE's position in the artificial intelligence market and likely cost cuts.

This was the stock's sixth consecutive day of gains.

Wamsi Mohan from BofA Global Research upgraded his call on the information technology hardware and services company to Buy from Hold.

For the month, Tesla (TSLA) has led the pack of seven stocks with its return of 6%. Microsoft and Amazon are both a close second at 4% for the month. Microsoft remains in a long-term bull market trend with a price target of $550.00.

Hewlett Packard Enterprise tumbled after the business IT firm announced a $1.35 billion mandatory convertible preferred stock offering.

Shares of Hewlett Packard Enterprise rose some 4.2% Thursday afternoon. Wednesday's 50 basis point rate cut signals aggressive easing, impacting companies like Hewlett Packard Enterprise.

Fintel reports that on September 17, 2024, B of A Securities upgraded their outlook for Hewlett Packard Enterprise (NYSE:HPE) from Neutral to Buy. Analyst Price Forecast Suggests 22.82% Upside As of August 26,