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Barchart
Barchart
Aditya Sarawgi

Hewlett Packard Enterprise Stock Outlook: Is Wall Street Bullish or Bearish?

Hewlett Packard Enterprise HPE

Texas-based Hewlett Packard Enterprise Company (HPE) is a global edge-to-cloud company that provides solutions allowing customers to capture, analyze, and act upon data seamlessly worldwide. With a market cap of $23.4 billion, Hewlett Packard Enterprise operates through Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other segments.

The tech company has substantially underperformed over the past year. HPE stock has gained 4.6% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 18.5% gains over the same time frame. In 2024, HPE stock is up 6.2% compared to $SPX’s 12.1% returns on a YTD basis.

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