Hpe stock price today forecast analysts monitoring HPE stock price

Analysts monitoring HPE stock price today forecast note strong institutional buying trends. This shift could push the price closer to targeted $17.30 levels within the week if economic data remains supportive. Hewlett Packard’s non-GAAP operating profit declined 14% year over year and 12% sequentially to $684 million. The non-GAAP operating margin contracted 200 bps year over year as well as sequentially to 9.5%. The negative impact of the lower gross margin was partially offset by disciplined operating expense management. Second-quarter non-GAAP operating expenses declined 1.6% year over year. Juniper has a "strong position" in the artificial intelligence space, Bank of America's Wamsi Mohan wrote in a note to clients Monday. With the acquisition of Juniper, HPE is "positioned to offer an end-to-end networking and AI infrastructure stack that can better compete in AI-enabled datacenter and cloud-edge environment," boosting the company's earnings over the long term. HPE stock price today forecast signals an attractive risk-reward setup, especially as options market activity suggests a rise in call volume around the $17 strike.