The Goldman Sachs Group Forecasts Strong Price Appreciation for Hewlett Packard Enterprise (NYSE:HPE) Stock

Key Points

• The Goldman Sachs Group has raised its price target for Hewlett Packard Enterprise (HPE) stock from $27.00 to $31.00, indicating a potential upside of 36.96% from the current price.
• Despite the optimistic forecast from Goldman Sachs, several analysts have issued mixed ratings, with one "Strong Buy," eight "Buy," and twelve "Hold" ratings, resulting in an average holding rating.
• Hewlett Packard Enterprise's recent earnings report showed a 19.8% increase in quarterly revenue year-over-year, although it missed analysts' expectations for earnings per share.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective boosted by stock analysts at The Goldman Sachs Group from $27.00 to $31.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. The Goldman Sachs Group's price target suggests a potential upside of 36.96% from the stock's current price.

Several other analysts have also commented on HPE. Weiss Ratings reiterated a "hold (c)" rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 8th. Evercore ISI increased their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Zacks Research lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Barclays increased their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus price target of $25.38.

Hewlett Packard Enterprise Trading Down 9.6%

Shares of NYSE HPE traded down $2.41 during trading hours on Thursday, reaching $22.64. The stock had a trading volume of 49,802,349 shares, compared to its average volume of 20,208,322. The business's fifty day moving average price is $23.52 and its two-hundred day moving average price is $19.77. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market cap of $29.87 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.86 and a beta of 1.45. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 over the last 90 days. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at $26,000. CVA Family Office LLC lifted its position in Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company's stock valued at $29,000 after acquiring an additional 803 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at $25,000. Hantz Financial Services Inc. lifted its position in Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company's stock valued at $33,000 after acquiring an additional 687 shares during the last quarter. Finally, Corsicana & Co. purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at $41,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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