On 6/5/24, Hewlett Packard Enterprise Co (NYSE: HPE) stock enjoyed a major increase of 10.7%, closing at $19.48. Moreover, this advance was accompanied by exceptionally high trading volume at 608% of normal. The stock has performed in line with the market over the last nine months and has risen 5.8% during the last week.
Current PriceTarget Research Rating
HPE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hewlett Packard Enterprise has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hewlett Packard Enterprise has a neutral Power Rating of 50 but a good Appreciation Score of 74, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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