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.
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, an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
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