Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On July 3, Barclays raised the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) from $24 to $26, while keeping an overweight rating on the stock.
The price target upgrade comes after the company announced completing the acquisition of Juniper Networks, Inc., which is a leader in AI-native networks. This strategic step positions Hewlett Packard Enterprise Company to capture the growing AI and hybrid cloud market opportunity.
A woman programmer in a modern office working with multiple computer servers.
Barclays sees this deal as a positive step for Hewlett Packard Enterprise Company as it brings better growth opportunities and gross margins. Moreover, the firm also likes the company’s enhanced position in the networking industry and thereby sees double-digit EPS for fiscal 2027.
Hewlett Packard Enterprise Company is a technology company that helps businesses manage and protect data from the edge to the cloud.
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This article is originally published at Insider Monkey.
