HPE, Dell Earnings May Trigger Pull-In Concerns -- Market Talk
Dow Jones00:37
1237 ET - Earnings from HPE and Dell demonstrate near-term strength, but may raise longer term questions about server demand in an environment of pricing increases, UBS analysts write in a note. "While demand is strong and pricing robust, investors are likely to view the HPE and Dell server lens with a degree of caution given concerns of a pull-in," the analysts write, though noting that HPE executives reported firm commitments and no cancellations from customers. At least near-term, there's no sign of a slowdown, the analysts write, raising their price target to $65 from $25. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
June 02, 2026 12:37 ET (16:37 GMT)
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