Wells Fargo analyst Aaron Rakers maintained a Buy rating on Hewlett Packard Enterprise (HPE – Research Report) yesterday and set a price target of $21.00. The company’s shares closed yesterday at $17.72.
Rakers covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Western Digital. According to TipRanks, Rakers has an average return of 21.6% and a 67.80% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hewlett Packard Enterprise with a $18.08 average price target, implying a 2.03% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $22.00 price target.
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HPE market cap is currently $23.04B and has a P/E ratio of 11.52.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hewlett Packard Enterprise (HPE) Company Description:
Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides a broad portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in San Jose, CA.
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