Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On March 11, Bernstein SocGen Group reiterated its Market Perform rating on Hewlett Packard Enterprise Company (NYSE:HPE) with a price target of $24. This update came after the company reported its Q1 results for fiscal 2026.

Hewlett Packard Enterprise Company (NYSE:HPE) posted non-GAAP EPS of $0.65, which was slightly higher than market expectations. The company’s revenue was roughly in line with consensus estimates. Hewlett Packard Enterprise Company (NYSE:HPE) increased its fiscal 2026 non-GAAP EPS guidance by $0.05, now expecting it to be between $2.30 and $2.50.

The company’s management also slightly raised its networking revenue growth expectations. However, Hewlett Packard Enterprise Company (NYSE:HPE) lowered its Cloud and AI guidance because of higher memory prices and supply issues.

Bernstein SocGen pointed out that it has become difficult to track exact AI server figures because of the recent recategorization that combined AI servers with networking products.

A day earlier, on March 10, UBS also reiterated its Neutral rating on Hewlett Packard Enterprise Company (NYSE:HPE) with a price target of $25 after the company’s quarterly results.

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that specializes in essential enterprise technology, AI, cloud, and networking. The company offers intelligent solutions for organizations to manage and utilize their data.

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