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Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the Best AI Stocks to Buy under $50. In the past few months, HPE has achieved several key milestones. The company completed its acquisition of Juniper Networks, divested its Telco-Solutions unit, and confirmed plans to sell its remaining 19% H3C stake for an estimated US$1.40 billion.
The acquisition of Juniper Networks, Inc., a leader in AI-native networks, was completed in July; positioning HPE to capitalize on the growing AI and hybrid cloud landscape by creating an industry-leading cloud-native and AI-driven IT portfolio.
The transaction also doubles the size of HPE’s networking business, offering customers with a comprehensive portfolio of networking solutions.
On December 19, Bernstein SocGen Group maintained its “Market Perform” rating on the stock with a $24.00 price target. Earlier, on December 15, Wells Fargo analyst Aaron Rakers maintained a Hold rating on Hewlett Packard Enterprise today and set a price target of $26.00.
Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $26.00 implies a 7.04% upside; however, the Street-high target of $31 implies an upside of 27.62%.
Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
While we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.