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Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the Trending AI Stocks on Wall Street. On July 23, Deutsche Bank analyst Matt Niknam raised the firm’s price target on the stock to $26 from $21 and kept a “Buy” rating on the shares.
The firm is positive on the stock following the Juniper deal, reflecting on the anticipated benefits. According to Niknam, the stock’s current valuation offers a promising risk/reward balance for investors.
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.
READ NEXT: 10 AI Stocks Everyone Is Watching Closely and 10 AI Stocks Making Waves on Wall Street
Disclosure: None.
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Stock Market News, March 1, 2024: Nvidia Closes With a Market Cap Above $2 Trillion
HPE
The Wall Street Journal
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