Hewlett Packard (HPE) Joins Evercore's Tactical Outperform List Ahead of Earnings

Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the Must-Watch AI Stocks for Investors. One of the biggest analyst calls on Wednesday, August 20, was for HPE. Evercore ISI added the stock to the “Tactical Outperform” list stating that it’s bullish ahead of earnings in early September.

The potential for upside is due to the recent uptick in networking spending.

“We believe HPE is well positioned to report upside to Jul-qtr expectations and guide the Oct-qtr above what current pro forma estimates reflect post Juniper close.”

The firm maintains an Outperform rating and $28 price target on the shares.

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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