Key Highlights:
- Elliott Investment Management has secured a $1.5 billion stake in Hewlett Packard Enterprise (HPE, Financial).
- The stock rose by 5.1% following the acquisition news.
- Analysts predict a potential upside with an average price target of $18.05.
Elliott Investment Management's recent acquisition of a substantial $1.5 billion stake in Hewlett Packard Enterprise (HPE) has positioned the activist investor among the top five shareholders of the company. The firm intends to engage actively with HPE to unlock additional value for shareholders. In response to this significant development, HPE stock surged by 5.1%, reaching a price of $15.01, although it still trades 39% below its peak.
Analyst Price Target Projections
According to projections from 13 industry analysts, Hewlett Packard Enterprise Co (HPE, Financial) has an average one-year price target of $18.05. This includes a high estimate of $24.11 and a low of $14.00, pointing to a potential upside of 19.22% from the current price of $15.14. Investors can access more detailed forecast data on the Hewlett Packard Enterprise Co (HPE) Forecast page.
Brokerage Firm Recommendations
The consensus recommendation from 15 brokerage firms places Hewlett Packard Enterprise Co (HPE, Financial) at a current average brokerage recommendation of 2.3, which indicates an "Outperform" status. On a rating scale of 1 to 5, where 1 stands for Strong Buy and 5 signifies Sell, this rating suggests a favorable outlook.
GuruFocus Valuation Insights
GuruFocus estimates place the GF Value for Hewlett Packard Enterprise Co (HPE, Financial) at $17.86 in one year, indicating a prospective upside of 17.97% from the present price of $15.14. The GF Value represents the fair market price the stock could be traded at, derived from historical trading multiples, past growth metrics, and future performance forecasts. For a comprehensive analysis, visit the Hewlett Packard Enterprise Co (HPE) Summary page.
