7 Analysts Just Revealed Their Shocking Predictions for Hewlett Packard - Is a Surge Imminent?

Hewlett Packard (NYSE:HPE) has been a focal point for many analysts in recent times, with a total of 7 analysts providing ratings for the company in the latest quarter. The mix of bullish and bearish perspectives is an indication that the sentiments among financial experts are shifting, and investors are left wondering what's in store for the tech giant.

In the recent analysis, it was discovered that the number of bullish ratings for Hewlett Packard has increased significantly over the past 30 days. The total number of bullish ratings is now 1, which is a positive sign for investors who have been following the company. However, it is essential to note that there are also bearish ratings and neutral ratings, which suggests that not all analysts are convinced about the company's growth prospects.

When it comes to 12-month price targets, analysts have an average target of $20.86 for Hewlett Packard. The high estimate is $24.00, while the low estimate is $18.00. The current average price target represents a 6.05% increase from the previous average price target of $19.67. This is a significant increase, and investors are eagerly waiting to see if the company will live up to its growth expectations.

A closer analysis of analyst ratings reveals that financial experts have different opinions about Hewlett Packard. Tim Long from Barclays recently raised his rating from neutral to overweight and increased his price target from $20.00 to $24.00. Asiya Merchant from Citigroup announced a neutral rating with a price target of $20.00. Wamsi Mohan from B of A Securities raised his rating from neutral to buy and increased his price target from $21.00 to $24.00.

Ananda Baruah from Loop Capital also raised his rating from sell to hold and increased his price target from $16.00 to $18.00. Mehdi Hosseini from Susquehanna maintained his neutral rating with a price target of $20.00. However, David Vogt from UBS raised his rating from neutral to buy and increased his price target from $17.00 to $19.00.

It is essential to note that analysts have different reasons for adapting their recommendations. Whether they maintain, raise, or lower their stance, it reflects their response to recent developments related to Hewlett Packard. Investors should keep a close eye on these developments to understand the current state of the company and make informed investment decisions.

The variety of opinions among analysts highlights the complexity of the situation and the need for investors to do their own research before making any investment decisions. While some analysts are bullish about the company's growth prospects, others are more cautious. It is crucial for investors to consider multiple perspectives before making a decision.

Overall, the 7 analysts have provided valuable insights into the current state of Hewlett Packard. While there is no consensus on the company's growth prospects, the analysis highlights the need for investors to be cautious and do their own research before making any investment decisions.