Hewlett-Packard Enterprise (NYSE: HPE) has managed a solid total return in 2024 of 25% as of afternoon trading on Nov. 27. Hewlett-Packard Company spun out the technology stock back in 2015. The restructuring resulted in two separate companies: HPE and HP (NYSE: HPQ). HPE focuses on enterprise data and IT infrastructure solutions, while HP focuses on the company’s personal computer products and printers. HPE's focus makes it more exciting for many investors, considering the growing data centers and AI market.
Analysts at Raymond James are particularly bullish on HPE stock. They have a Strong Buy rating on HPE, with a $29 price target updated in mid-November. Compared to the stock’s Nov. 27 afternoon price of $20.75, shares would need to rise 40% to reach the target.
