Is HPE the Next Big AI Stock? Goldman Sachs Weighs In

Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the AI Stocks Making Waves on Wall Street. On July 23, Goldman Sachs analyst Michael Ng reinstated coverage on the stock with a “Neutral” rating and a price target of $22. The rating follows HPE’s acquisition of Juniper Networks.

According to the firm, HPE’s expanded portfolio has allowed it to sustain its position as second-best in enterprise/campus networking while becoming a stronger competitor in the data center segment.

Even though the firm maintains a positive outlook toward the company’s networking business, it maintains a Neutral stance on the stock due to ongoing challenges in the Server and Hybrid Cloud divisions.

Is HPE the Next Big AI Stock? Goldman Sachs Weighs In

A financial analyst standing in front of a screen with the ratings of the company provided by the NRSRO.

The bank anticipates HPE’s earnings per share at $1.80 for fiscal 2025, $2.23 for fiscal 2026, and $2.42 for fiscal 2027.

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.

While we acknowledge the risk and potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.