Why Hewlett Packard Enterprise (HPE) Remains an AI Stock to Watch Under $50

Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the Best AI Stocks to Buy under $50. In the past few months, HPE has achieved several key milestones. The company completed its acquisition of Juniper Networks, divested its Telco-Solutions unit, and confirmed plans to sell its remaining 19% H3C stake for an estimated US$1.40 billion.

The acquisition of Juniper Networks, Inc., a leader in AI-native networks, was completed in July; positioning HPE to capitalize on the growing AI and hybrid cloud landscape by creating an industry-leading cloud-native and AI-driven IT portfolio.

The transaction also doubles the size of HPE’s networking business, offering customers with a comprehensive portfolio of networking solutions.

On December 19, Bernstein SocGen Group maintained its “Market Perform” rating on the stock with a $24.00 price target. Earlier, on December 15, Wells Fargo analyst Aaron Rakers maintained a Hold rating on Hewlett Packard Enterprise today and set a price target of $26.00.

Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $26.00 implies a 7.04% upside; however, the Street-high target of $31 implies an upside of 27.62%.

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.