Bernstein Initiates Coverage of Hewlett Packard Enterprise (HPE) with a Market Perform Rating, $24 PT

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the best growth stocks under $30 to buy. On September 16, Bernstein initiated coverage of Hewlett Packard Enterprise with a Market Perform rating and $24 price target. Prior to this announcement, the company released its Q3 2025 earnings report, where the company’s total revenue reached $9.1 billion, which was an increase of 18% year-over-year.

This growth was fueled by momentum in AI, networking, and hybrid cloud. A major highlight was the completed acquisition of Juniper Networks, which is expected to drive cost synergies of ~$600 million over the next 3 years. The Networking segment, now including Juniper Networks, made a revenue of $1.7 billion, which marked a 54% increase year-over-year.

The Server segment achieved revenue of $4.9 billion, which was up 16%. The Hybrid Cloud segment’s revenue was $1.5 billion, which was up 11%, marking its fourth consecutive quarter of year-over-year top-line growth. Furthermore, ARR grew to $3.1 billion, which was a 75% rise. In contrast, the Financial Services segment’s revenue of $886 million was down 1%.

Hewlett Packard Enterprise Company (NYSE:HPE) provides solutions that allow customers to capture, analyze, and act upon data seamlessly.

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Disclosure: None. This article is originally published at Insider Monkey.