Bernstein says Dell and HPE are undervalued, sees attractive entry point

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The analysts' deep-dive into the financials of DELL, HPE, and HP (NYSE:HPQ) for the last four years shows revenues have come full circle and are essentially flat with pre-pandemic levels. The analysts also highlight flattish growth and profit generation, which is underscoring their long-term challenges.

Wolfe Research now rates the stock as Outperform (prior Peer Perform) with the price target of $20 per share implying an upside potential of over 40% relative to yesterday's close.

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