JPMorgan Raises Price Target on Hewlett Packard Enterprise Company (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 8 Best Affordable AI Stocks to Buy Right Now.

On May 15, JPMorgan raised its price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $37 from $27. It maintained an Overweight rating on the shares. The firm cited easing memory-related concerns and expected earnings estimate increases to support medium-term growth and valuation multiples.

On May 12, Hewlett Packard Enterprise Company (NYSE:HPE) announced new GreenLake innovations. It introduced private cloud, storage, and data protection solutions to simplify operations and accelerate AI data pipelines. The company added that its HPE Private Cloud now integrates Kubernetes management with ProLiant Compute Gen12, unifying cloud-native and virtualized workloads on a single system.

It also said HPE Alletra Storage MP X10000 delivers file and object storage on one platform, while new agentic AI capabilities span Alletra Storage MP B10000, Zerto Software, and Data Fabric Software.

JPMorgan Raises Price Target on Hewlett Packard Enterprise Company (HPE)

Fidelma Russo, EVP and CTO, said enterprises face soaring demands from AI-driven modernization, adding the company plans to unite cloud, data, and protection while simplifying migration and strengthening resilience.

Hewlett Packard Enterprise Company (NYSE:HPE) is a global edge-to-cloud firm that provides information technology, technology, and enterprise products, solutions, and services. It operates in Server, Hybrid Cloud, Intelligent Edge, Financial Services, Corporate Investments, and Others segments.

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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