13 Best Growth Stocks Under $50 to Buy Now

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5. Hewlett Packard Enterprise Company (NYSE:HPE)

Stock Price: $23.52

Number of Hedge Fund Holders: 60

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the best growth stocks under $50 to buy now. In a report released on September 5, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Hewlett Packard Enterprise Company (NYSE:HPE) and set a price target of $30.00.

Hewlett Packard Enterprise Company (NYSE:HPE) reported its fiscal Q3 2025 results on September 3, reporting a revenue of $9.1 billion, up 19% from the prior-year period in actual dollars and 18% in constant currency.

The annualized revenue run-rate (ARR) for the quarter reached $3.1 billion, reflecting 77% growth from the prior-year period in actual dollars and 75% in constant currency.

Management also reported that free cash flow rose $121 million from the prior-year period to $790 million, while capital returns to common shareholders were $171 million in the form of dividends.

Hewlett Packard Enterprise Company (NYSE:HPE) is a global edge-to-cloud company that delivers open and intelligent technology solutions as a service. The company offers compute, cloud services, intelligent edge, high-performance computing & artificial intelligence, software, and storage.

Its operations are divided into the Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other segments.

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