Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on Hewlett Packard Enterprise (HPE – Research Report) today and set a price target of $16.00. The company’s shares closed last Friday at $15.56.
According to TipRanks, Baruah is a 5-star analyst with an average return of 13.9% and a 53.08% success rate. Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Nvidia, and Xerox.
The word on The Street in general, suggests a Hold analyst consensus rating for Hewlett Packard Enterprise with a $17.56 average price target, representing a 12.85% upside. In a report released on March 1, Evercore ISI also maintained a Hold rating on the stock with a $18.00 price target.
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HPE market cap is currently $20.23B and has a P/E ratio of 10.75.
Based on the recent corporate insider activity of 78 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.
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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.
Read More on HPE:
- GoodRx upgraded, Fisker downgraded: Wall Street’s top analyst calls
- HP Enterprise price target lowered to $18 from $20 at Stifel
- Wells Fargo downgrades HP Enterprise on disappointing AI momentum
- HP Enterprise price target lowered to $14 from $15 at Barclays
- HP Enterprise downgraded to Equal Weight from Overweight at Wells Fargo
