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Hewlett Packard Enterprise (HPE) Stock Forecast & Price Target

Hewlett Packard Enterprise logo
$19.49
-0.85 (-4.18%)
(As of 10/31/2024 ET)

Hewlett Packard Enterprise - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
9
Buy
4

Based on 13 Wall Street analysts who have issued ratings for Hewlett Packard Enterprise in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 9 have given a hold rating, and 4 have given a buy rating for HPE.

Consensus Price Target

$21.46
10.12% Upside
According to the 13 analysts' twelve-month price targets for Hewlett Packard Enterprise, the average price target is $21.46. The highest price target for HPE is $26.00, while the lowest price target for HPE is $18.00. The average price target represents a forecasted upside of 10.12% from the current price of $19.49.
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HPE Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
9 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$21.46$21.31$21.08$17.54
Forecasted Upside10.12% Upside6.81% Upside16.93% Upside12.93% Upside
Consensus Rating
Hold
Hold
Hold
Hold

HPE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HPE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Hewlett Packard Enterprise Stock vs. The Competition

TypeHewlett Packard EnterpriseComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.31
2.67
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside5.46% Upside619.25% Upside9.23% Upside
News Sentiment Rating
Positive News

See Recent HPE News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/11/2024Susquehanna
2 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$20.00 ➝ $20.00-3.61%
10/9/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars
 Initiated CoverageHold$22.00+4.91%
9/25/2024Barclays
3 of 5 stars
T. Long
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UpgradeEqual Weight ➝ Overweight$20.00 ➝ $24.00+27.12%
9/23/2024Citigroup
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A. Merchant
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Initiated CoverageNeutral$20.00+6.21%
9/17/2024Bank of America
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 UpgradeNeutral ➝ Buy$21.00 ➝ $24.00+39.29%
9/9/2024Loop Capital
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 Boost TargetHold ➝ Hold$16.00 ➝ $18.00+1.81%
9/5/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$17.00 ➝ $19.00+8.51%
6/20/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$21.00 ➝ $21.00-2.82%
6/7/2024Argus
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J. Kelleher
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UpgradeHold ➝ Buy$26.00+32.72%
6/5/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$17.00 ➝ $19.00-4.38%
6/5/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$18.00 ➝ $22.00+9.02%
6/5/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$18.00 ➝ $22.00+25.04%
6/5/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$19.00 ➝ $22.00+25.04%
10/20/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$19.00 ➝ $20.00+30.98%
8/30/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$21.00 ➝ $20.00+17.16%
3/20/2023The Goldman Sachs Group
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 Initiated CoverageNeutral$15.00+6.38%
12/20/2022JPMorgan Chase & Co.
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 Boost TargetOverweight$18.00 ➝ $20.00+29.20%
11/30/2022Susquehanna Bancshares
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 Boost TargetNeutral$15.00 ➝ $16.00+3.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:51 PM ET.


Should I Buy Hewlett Packard Enterprise Stock? HPE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these Hewlett Packard Enterprise pros and cons to contact@marketbeat.com.

Hewlett Packard Enterprise
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Hewlett Packard Enterprise:

  • Hewlett Packard Enterprise's stock price has been showing positive momentum, currently trading at $20.72.
  • Hewlett Packard Enterprise reported a strong quarterly earnings result, surpassing the consensus estimate by $0.03 per share.
  • The company has a dividend payout ratio of 37.96%, providing investors with a steady income stream.
  • Hewlett Packard Enterprise's revenue for the last quarter was up by 10.1% compared to the same period last year, indicating growth.
  • The company's solutions for data analysis and action have a wide geographic reach, operating in multiple regions globally.

Hewlett Packard Enterprise
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Hewlett Packard Enterprise for these reasons:

  • Company insiders have been selling significant amounts of company stock over the last quarter, raising concerns about insider sentiment.
  • Hewlett Packard Enterprise's stock has a beta of 1.19, indicating higher volatility compared to the market average.
  • The price-to-earnings-growth ratio of 3.38 may suggest that the stock is currently overvalued relative to its growth prospects.
  • The company's debt-to-equity ratio of 0.36 may pose risks in terms of financial leverage and stability.
  • Hewlett Packard Enterprise's stock has a 1 year high of $22.82, potentially limiting short-term upside potential.

HPE Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Hewlett Packard Enterprise is $21.46, with a high forecast of $26.00 and a low forecast of $18.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hewlett Packard Enterprise in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPE, but not buy additional shares or sell existing shares.

According to analysts, Hewlett Packard Enterprise's stock has a predicted upside of 10.12% based on their 12-month stock forecasts.

Over the previous 90 days, Hewlett Packard Enterprise's stock had 2 upgrades by analysts.

Hewlett Packard Enterprise has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Loop Capital, Susquehanna, and UBS Group in the past 90 days.

Analysts like Hewlett Packard Enterprise less than other "computer and technology" companies. The consensus rating for Hewlett Packard Enterprise is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how HPE compares to other companies.


This page (NYSE:HPE) was last updated on 10/31/2024 by MarketBeat.com Staff
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