Analysts Share Positive Views on Hewlett Packard Enterprise Company (HPE), Says Share Price is Muted

Core Viewpoint - Hewlett Packard Enterprise Company (NYSE:HPE) is recognized as one of the 12 cheap technology stocks to invest in according to hedge funds, despite recent adjustments in price targets by analysts [1]. Group 1: Analyst Ratings and Price Targets - JPMorgan analyst Samik Chatterjee reduced the price target on HPE from $30 to $27 while maintaining an Overweight rating, indicating a challenging investor sentiment for the hardware and networking group [2]. - Goldman Sachs upgraded HPE from Neutral to Buy on January 13, keeping the price target at $31, highlighting the company's strengthened position in the enterprise networking market due to the Juniper merger [3]. Group 2: Market Performance and Valuation - HPE trades at a forward P/E of 9.07, with an average price target of $26, suggesting an upside potential of almost 28% [4]. - The company operates in five segments: Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other, developing intelligent solutions for enterprises globally [4].