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.

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 potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.