Wall Street Bullish on ​Hewlett Packard Enterprise Company (HPE)

​Hewlett Packard Enterprise Company (NYSE:HPE) is one of the Best Growth Stocks Under $25 to Buy Right Now. Wall Street is bullish on Hewlett Packard Enterprise Company (NYSE:HPE), since the company topped revenue estimates for FQ3 2025 on September 3.

​On October 16, Asiya Merchant from Citi reiterated a Buy rating on Hewlett Packard Enterprise Company (NYSE:HPE) with a price target of $28. The analyst acknowledged the recent drop in share price following the fiscal 2028 EPS guidance, which fell below the market consensus. However, Merchant noted that the EPS guidance was in line with Citi’s expectations.

​She noted the guidance to be a wise one, reflecting a conservative approach for the company’s networking segment. The analyst noted that although the segment is expected to grow modestly, it holds significant potential for faster growth as the company focuses on data center switching. She also likes the overall revenue mix of Hewlett Packard Enterprise Company (NYSE:HPE), driven by an increased mix of networking, cloud, and AI, alongside structural cost reductions and enhanced operating leverage.

​Hewlett Packard Enterprise Company (NYSE:HPE) is an international edge-to-cloud company. Its offerings include cloud services, compute, high-performance computing & artificial intelligence, intelligent edge, software, and storage.

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Disclosure: None. This article is originally published at Insider Monkey.