Barclays Bumps Up Hewlett Packard Enterprise Price Target by 25%

January 4, 2022Updated: January 4, 2022

Barclays analyst Tim Long upgraded Hewlett Packard Enterprise Co. to Overweight from Equal Weight with a price target of $20, up from $16. The price target implies a 23.9 percent upside.

Long believes the company’s core server and storage market is stabilizing and moving to as-a-service.

Meanwhile, Long thinks its networking “should see solid growth.”

Further, HP Enterprise’s valuation is the lowest in the group.

Hewlett Packard Enterprise is a supplier of IT infrastructure products and services.

By Anusuya Lahiri 

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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