Analysts Share Positive Views on Hewlett Packard Enterprise Company (HPE), Says Share Price is Muted

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 12 Cheap Technology Stocks to Invest In According to Hedge Funds.

On February 19, JPMorgan analyst Samik Chatterjee reduced the price target on Hewlett Packard Enterprise Company (NYSE:HPE) from $30 to $27, while maintaining an Overweight rating.

According to TheFly, Chatterjee lowered the price target as part of an earnings preview. The analyst pointed out that investor sentiment remains challenging for the hardware and networking group. The sector’s near-term performance is likely to be robust due to the pull-forward. The magnitude of share price upside is likely to be more “muted”, added Chatterjee.

In another rating on January 13, Goldman Sachs upgraded HPE from Neutral to Buy, keeping the price target at $31. Goldman believes Hewlett-Packard Enterprise to be ‘a show-me story in 2026.’ The analyst firm noted that the Juniper merger secures HPE’s position as the number two player in the enterprise networking market and expands its reach in data center networking.

Hewlett Packard Enterprise Company trades at a forward P/E of 9.07 and has an average price target of $26, which indicates an upside potential of almost 28%.

Hewlett Packard Enterprise Company (NYSE:HPE), along with its subsidiaries, develops intelligent solutions for enterprises globally. The company operates in five segments: Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other.

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