10 Best AI Stocks to Buy Under $50

2. Hewlett Packard Enterprise Company (NYSE:HPE)

Share Price as of December 31: $24.07

Number of Hedge Fund Holders: 72

Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the 10 Best AI Stocks to Buy under $50. In the past few months, HPE has achieved several key milestones. The company completed its acquisition of Juniper Networks, divested its Telco-Solutions unit, and confirmed plans to sell its remaining 19% H3C stake for an estimated US$1.40 billion.

The acquisition of Juniper Networks, Inc., a leader in AI-native networks, was completed in July; positioning HPE to capitalize on the growing AI and hybrid cloud landscape by creating an industry-leading cloud-native and AI-driven IT portfolio.

The transaction also doubles the size of HPE’s networking business, offering customers with a comprehensive portfolio of networking solutions.

On December 19, Bernstein SocGen Group maintained its “Market Perform” rating on the stock with a $24.00 price target. Earlier, on December 15, Wells Fargo analyst Aaron Rakers maintained a Hold rating on Hewlett Packard Enterprise today and set a price target of $26.00.

Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $26.00 implies a 7.04% upside; however, the Street-high target of $31 implies an upside of 27.62%.

Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.