Jim Cramer Predicts Hewlett Packard Enterprise (HPE) Will Go Up

We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks. Hewlett Packard Enterprise Company (NYSE:HPE) is one of the stocks discussed by Jim Cramer.

Enterprise hardware firm Hewlett Packard Enterprise Company (NYSE:HPE)’s shares are up by 149% over the past year and by 78% year-to-date. JPMorgan discussed the firm on May 15th as it raised the share price target to $37 from $27 kept an Overweight rating on the stock. Among the factors that the bank discussed was an easing in the tight memory market. Earlier, Bank of America raised Hewlett Packard Enterprise Company (NYSE:HPE)’s share price target to $38 from $32 and kept a Buy rating on the stock. Like Cramer, the bank discussed the agentic AI driven tailwinds and their impact on Dell, and by extension, on Hewlett Packard Enterprise Company (NYSE:HPE). BofA added that higher valuation multiples were affecting both firms. Here is what Cramer said about the enterprise computing firm following its earnings:

“What I think is going to confuse people is that, you’re going to see HPE up a lot, you’re going to see Super Micro, those are competitors, up a lot. Those are competitors”

Jim Cramer Predicts Hewlett Packard Enterprise (HPE) Will Go Up

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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 the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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