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What the Options Market Tells Us About Hewlett Packard - Hewlett Packard (NYSE:HPE)
Benzingaยท 2025-10-03 19:01
Core Insights - Financial giants are showing a bullish sentiment towards Hewlett Packard, with 69% of traders being bullish and only 30% bearish, indicating strong market confidence [1] - The predicted price range for Hewlett Packard over the last three months is between $21.0 and $29.0, suggesting a targeted trading strategy by larger investors [2] - Recent options activity indicates significant interest in call options, with a total trade value of $940,407 for calls compared to $57,412 for puts, further emphasizing bullish sentiment [1] Options Activity - A total of 13 unusual trades were identified, with 11 being calls and 2 being puts, reflecting a strong preference for bullish positions [1] - Significant options trades include multiple call options with varying expiration dates and strike prices, indicating a strategic focus on upward price movement [8] - The trading volume for Hewlett Packard's options stands at 13,037,125, with the stock price currently at $24.43, down by 0.2% [14] Analyst Ratings - Market experts have issued ratings for Hewlett Packard, with a consensus target price of $26.4, reflecting a generally positive outlook [11] - Analysts from Goldman Sachs maintain a Neutral rating with target prices of $25 and $27, while Citigroup has a Buy rating with a target of $26 [12] - Raymond James holds a Strong Buy rating with a target price of $30, indicating confidence in the company's growth potential [12] Company Overview - Hewlett Packard Enterprise is a key player in the information technology sector, providing hardware and software solutions, including compute servers, storage arrays, and networking equipment [9] - The company's goal is to become a complete edge-to-cloud provider, focusing on hybrid clouds and hyperconverged infrastructure [9]