8 Cheap Beginner Stocks to Buy Right Now

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Forward Price-to-Earnings Ratio: 8.64

Number of Hedge Fund Holders: 45

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 8 cheap beginner stocks to buy right now. Loop Capital Markets revised its financial outlook for Hewlett Packard Enterprise Company (NYSE:HPE) on June 9, maintaining its Hold rating on the company’s shares while increasing the price target from $16 to $18. The change was made in response to HP Enterprise’s April quarter financial release, which showed a robust server revenue performance.

With a revenue of $4.1 billion, HP Enterprise’s server division recorded a 7% year-over-year gain. Although traditional server volumes declined by 5% on a quarter-over-quarter basis, this growth was somewhat offset by higher average unit pricing. Notably, with a significant increase in the enterprise and sovereign market segments—where enterprise orders made up one-third of the total—HP Enterprise received $1.1 billion in net new orders in the AI server segment. The hybrid cloud market also performed well, as evidenced by the triple-digit annual growth of HP Enterprise’s Alletra product line.

Given the improvements, Hewlett Packard Enterprise Company (NYSE:HPE) has adjusted its fiscal year 2025 revenue projection, reducing the range of anticipated year-over-year revenue growth from 7–11% to 7-9%.

Hewlett Packard Enterprise Company (NYSE:HPE) provides data services globally through its several divisions, including Corporate Investments, Compute, HPC & AI, Storage, Intelligent Edge, and Financial Services. Additionally, the company offers software-defined infrastructure (SDI) solutions to help businesses with software development and deployment, automation, network management, and storage.