Hpe stock price forecast current Wall Street consensus on the

Current Wall Street consensus on the "HPE stock price forecast" leans bullish, with 7 analysts rating it a "buy" and 5 at "hold." Earnings per share for FY2024 are expected to grow about 5%, supported by IT spending recovery in enterprise data centers. Hewlett Packard Enterprise initiated guidance for the first quarter of fiscal 2025. The company forecasts to generate year-over-year revenue growth in the mid-teen percentage range. The company estimates GAAP and non-GAAP net earnings per share in the range of 31-36 cents and 47-52 cents (mid-point 49.5 cents), respectively. The Zacks Consensus Estimate for first-quarter fiscal 2025 revenues and non-GAAP earnings is pegged at $7.67 billion and 48 cents per share, respectively. Although these are not the eye-popping numbers that Dell put up, this is a good sign for HPE. The company’s AI backlog plummeted in fiscal Q4 2024. So, seeing another quarter of this figure recovering is important to the company’s outlook. The latest "HPE stock price forecast" reflects cautious optimism, as shares trade near $16.20 with analysts projecting a 12-month median target around $18.00, implying a 10–12% upside. Solid demand in hybrid cloud solutions and edge-to-cloud growth are tailwinds, but macroeconomic headwinds could cause short-term volatility.