J.P. Morgan Reiterates a Buy Rating on Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the best growth stocks under $50 to buy now. In a report released on September 5, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Hewlett Packard Enterprise Company (NYSE:HPE) and set a price target of $30.00.

Hewlett Packard Enterprise Company (NYSE:HPE) reported its fiscal Q3 2025 results on September 3, reporting a revenue of $9.1 billion, up 19% from the prior-year period in actual dollars and 18% in constant currency.

The annualized revenue run-rate (ARR) for the quarter reached $3.1 billion, reflecting 77% growth from the prior-year period in actual dollars and 75% in constant currency.

Management also reported that free cash flow rose $121 million from the prior-year period to $790 million, while capital returns to common shareholders were $171 million in the form of dividends.

Hewlett Packard Enterprise Company (NYSE:HPE) is a global edge-to-cloud company that delivers open and intelligent technology solutions as a service. The company offers compute, cloud services, intelligent edge, high-performance computing & artificial intelligence, software, and storage.

Its operations are divided into the Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other segments.

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. This article is originally published at Insider Monkey.