Is HPE the next big AI stock? Goldman Sachs weighs
Hewlett-Packard Enterprise Company (NYSE:HPE) is one of AI stocks wave making stock on Wall Street. On July 23, Goldman Sachs analyst Michael NG recovered stock coverage with a “neutral” rating and a price target of $22. The rating follows the acquisition of HPE’s Juniper Network.
According to the company, HPE’s expansion portfolio has allowed it to remain as the second-best position in enterprise/campus networking, while becoming a stronger competitor in the data center segment.
The company maintains a positive outlook for its networking business, but it maintains a neutral stance towards its equity due to its ongoing challenges in its server and hybrid cloud sector.
A financial analyst standing in front of a screen with a company evaluation provided by NRSRO.
The bank expects HPE’s earnings per share to be $1.80 for fiscal year 2025, $2.23 for fiscal year 2026 and $2.42 for fiscal year 2027.
American multinational technology company Hewlett Packard Enterprise Company (NYSE: HPE) offers high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
Although we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater promotion potential and pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.
Read next: 10 AI stocks on Wall Street radar and 10 AIs in the spotlight now.
Disclosure: None.