Short interest for Hewlett Packard gives investors a sense of the degree to which investors are betting on the decline of Hewlett Packard's stock. Short interest data is updated every two weeks.

Hewlett Packard Stock (NYSE:HPE), Short Interest Report

Hewlett Packard

Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.

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Samik Chatterjee, CFA, at JPMorgan, highlighted Hewlett Packard Enterprise&#39;s (HPE) strategic positioning within the AI investment landscape.

Hewlett Packard Positioned For Growth, Golden Cross Sighted: &#39;Government Relationships&#39; Will Come Into Play

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Russian government-linked hackers, identified as Midnight Blizzard, have stolen email correspondences from several U.S. federal agencies and Microsoft, marking a significant cybersecurity breach.

Russian Government-Linked Hackers Stole Federal Email Correspondence With Microsoft: CISA

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TCON

TRACON Pharmaceuticals shares are trading lower after the company reported worse-than-expected Q1 EPS results.

CIBC analyst John Zamparo maintains Cronos Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) with a Outperformer and raises the price target from $3 to $3.5.

CRON

CIBC Maintains Outperformer on Cronos Group, Raises Price Target to $3.5

TLPH

Talphera shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

HC Wainwright &amp; Co. analyst Sean Lee maintains CASI Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASI#NASDAQ">CASI</a>) with a Buy and lowers the price target from $12 to $6.

CASI

HC Wainwright & Co. Maintains Buy on CASI Pharmaceuticals, Lowers Price Target to $6

Oppenheimer analyst Steven Lichtman upgrades Alcon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) from Perform to Outperform and announces $103 price target.

Upgrades

Oppenheimer Upgrades Alcon to Outperform, Announces $103 Price Target

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Zapata shares are trading lower after the company reported a year-over-year decrease in Q1 financial results.

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates Acelyrin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) with a Buy and maintains $16 price target.

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SLRN

HC Wainwright & Co. Reiterates Buy on Acelyrin, Maintains $16 Price Target

On Wednesday,&nbsp;Bowman Consulting Group Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWMN#NASDAQ">BWMN</a>)&nbsp;said&nbsp;it&nbsp;has&nbsp;been selected&nbsp;by the Arizona Department of Transportation (ADOT) to provide engineering and oversight services related to the construction of pedestrian and bicycle grade separation<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38839821/bowman-awarded-contract-from-adot-for-asu-tempe-pedestrian-grade-separated-crossing" rel="noreferrer noopener">&nbsp;at Arizona State University&#8217;s Tempe campus.</a>
&#8220;Bowman is deeply familiar with ASU and Tempe, and we understand how this project benefits students, faculty and community members,&#8221; said Jay Yenerich, transportation market leader at Bowman. 
The ADOT project marks Bowman&#8217;s first major contract with ADOT, displaying its strategic expansion into the public works and transportation markets in the Western U.S.
Bowman,&nbsp;as the&nbsp;main&nbsp;engineering contractor, will spearhead the project with Jacobs and SmithGroup.&nbsp;The company will develop an advanced utility relocation&nbsp;(AUR) plan, oversee public art integration,&nbsp;create&nbsp;alternative alignments, cost estimates, and 360-degree renderings, engaging the public and stakeholders.
Situated at College Avenue and University Drive, the project will entail building a pedestrian and bicycle grade separation connecting Downtown Tempe, the Tempe Transportation Center, and ASU&#8217;s sports venues to the heart of the campus. It may also feature a terraced plaza, public art, architectural lighting, and landscaping.
Additional project&nbsp;subconsultants&nbsp;include Delta Star Quality Contracting, Lokahi, Ethos Engineering, Central Creative&nbsp;and&nbsp;Specialized Services Company.&nbsp;Construction of&nbsp;the pedestrian and bicycle grade separation project&nbsp;is anticipated&nbsp;to begin in late 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;BWMN stock has gained 12% in the past year.&nbsp;
Price Action: BWMN shares are trading higher by 0.35% to $31.10 at last check Wednesday. 
Photo via Shutterstock

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BWMN

Arizona Department Of Transportation Taps Bowman Consulting Group For ASU Pedestrian-Bicycle Grade Separation Project

Oppenheimer analyst Brian Schwartz maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Outperform and lowers the price target from $350 to $320.

WDAY

Oppenheimer Maintains Outperform on Workday, Lowers Price Target to $320

SEEL

Seelos Therapeutics shares are trading higher. The company announced a 1-for-8 reverse stock split.

Stephens &amp; Co. analyst Jim Salera maintains Cheesecake Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>) with a Overweight and raises the price target from $44 to $50.

CAKE

Stephens & Co. Maintains Overweight on Cheesecake Factory, Raises Price Target to $50

Oppenheimer analyst Jay Olson maintains Voyager Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYGR#NASDAQ">VYGR</a>) with a Outperform and maintains $18 price target.

VYGR

Oppenheimer Maintains Outperform on Voyager Therapeutics, Maintains $18 Price Target

Management

Brazil's Petrobras Board Approves Exit Of CEO Jean Paul Prates; Appoints Clarice Coppetti As Interim CEO; CFO Sergio Caetano To Exit The Firm As Well; Carlos Alberto Rechelo Neto Named Interim CFO

Shares of Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) remained volatile in early trading on Wednesday, after the company <a href="https://www.benzinga.com/24/05/38843772/tanking-profit-overshadowed-alibabas-ai-growth-and-reignited-domestic-e-commerce">reported results for its fiscal fourth quarter</a>.
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Mizuho Securities analyst James Lee maintained a Buy rating, while reducing the price target from $95 to $92.</li>
<li>Truist analyst Youssef Squali reiterated a Buy rating, while cutting the price target from $113 to $110.</li>
<li>Benchart analyst Fawne Jiang reaffirmed a Buy rating and price target of $118.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Mizuho Securities: Alibaba reported "an encouraging quarter," with double-digit year-on-year growth in gross merchandise value (GMV), driven by "demand elasticity of price discounts," Lee said in a note. "China commerce margin was on track despite facing mix shift to lower-priced platform," he added.
The company's consolidated EBITA declined on a year-on-year basis mainly due to higher investments in international businesses and Cainiao, the analyst stated. He reduced the consolidated EBITDA estimate for fiscal 2025 by 7% to 195 billion RMB to reflect the investments.
Truist Securities: Alibaba's quarterly results reflected "good operational execution against an improving macro with a return to double-digit growth in GMV and orders at TTG (Taobao and Tmall Group)," Squali said. 
China Commerce Retail, which accounts for around 40% of the company's revenues, recorded 3% year-on-year growth, driven by 5% CMR (advertising and commissions revenues) growth, he added.
The Cloud business could record double-digit growth in the back half of fiscal 2025, the analyst stated. "That said, FY25 remains an investment year which should keep margins in check NT," he further wrote.
Benchmark: Alibaba reported 7% year-on-year revenue growth, representing a "solid" beat, while profits came in lower than expected due to investments, Jiang said. "Double-digit y/y growth on F4Q GMV demonstrates early signs of a market share stabilization," he added.
"The company is committed to invest to revitalize its growth in core businesses – TTG, Cloud and AIDC," the analyst stated. "With growth/user experience as a strategic priority, we acknowledge margin uncertainties in the coming quarters.&#8221;
BABA Price Action: Shares of Alibaba Group Holding had risen by 1.26% to $80.51 at the time of publication on Wednesday.
Image: Shutterstock

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BABA

Alibaba Analysts Look For Signs Of Q4 Rebound: 'Cloud Business Could Double-Digit Growth In 2025'

HC Wainwright &amp; Co. analyst Emily Bodnar maintains IO Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOBT#NASDAQ">IOBT</a>) with a Buy and raises the price target from $8 to $12.

IOBT

HC Wainwright & Co. Maintains Buy on IO Biotech, Raises Price Target to $12

Oppenheimer analyst Rick Schafer reiterates Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) with a Outperform and raises the price target from $40 to $45.

VECO

Oppenheimer Reiterates Outperform on Veeco Instruments, Raises Price Target to $45

HC Wainwright &amp; Co. analyst Oren Livnat reiterates Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) with a Buy and maintains $3.6 price target.

CARA

HC Wainwright & Co. Reiterates Buy on Cara Therapeutics, Maintains $3.6 Price Target

Oppenheimer analyst Jay Olson maintains Sutro Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) with a Outperform and maintains $10 price target.

STRO

Oppenheimer Maintains Outperform on Sutro Biopharma, Maintains $10 Price Target

Petrobras Shares Halted, News Pending

Oppenheimer analyst Michael Wiederhorn maintains PACS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) with a Outperform and raises the price target from $31 to $32.

PACS

Oppenheimer Maintains Outperform on PACS Group, Raises Price Target to $32

Dividend yield and growth stock list by Goldman

Juniper Networks reports Q1 top and bottom line miss, says HPE merger on track to close

Super Micro results may focus on market share, next-gen Nvidia products: JP Morgan

Micron slips even as company says it's shipping critical AI memory for data centers

Goldman's top 50 Weak Balance Sheet stocks

Juniper Networks/HP Enterprise deal spread widens amid report on DOJ review

Super Micro Stock: Sell-Off Is A Buying Opportunity (Technical Analysis)

Super Micro Computer: Growth May Slow In 2025

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s been a long way down for Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>). After riding the artificial intelligence wave to new heights and hitting $1,229 per share, Super Micro Computer stock lost over a third of its value.



The catalyst for much of the loss was <a href="https://investorplace.com/2024/05/super-micro-computer-stock-analysis-buy-the-plunge-in-this-discounted-ai-gem/">barely missing</a> analysts bloated revenue expectations. And though Super Micro came up just short, the stock sold off and took down much of the rest of the tech sector with it. Other chipmakers fell in sympathy, including Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) and Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>).&nbsp;



Although the sector has regained some of the lost ground, and SMCI stock has led the way rising 8% since the report, it remains well below its peak. Investors may rightly wonder whether the tech leader can become a $1,200 stock again.



<h2>Cheap at Any Price</h2>



Super Micro reported sterling financial results. Revenue tripled to $3.85 billion while earnings increased 400% to $6.65 per share. 



It also raised its full-year revenue guidance to between $14.7 billion and $15.1 billion, well ahead of analyst expectations for $14.6 billion. But because Wall Street had also forecast the chipmaker would bring in $3.95 billion in sales, the market beat down SMCI shares.



What it seems to show is the market <a href="https://investorplace.com/2024/03/smci-stock-alert-does-this-15-discount-make-supermicro-a-buy/">remains concerned about valuations</a>. As bright as Super Micro&rsquo;s future is, the stock was richly valued. Today, though, after losing 35% of its value from its all-time high, shares are attractively priced.



SMCI stock goes for 45 times trailing earnings and 4x sales, typically expensive valuations, but the chipmaker also trades at a much more reasonable 23 times next year&rsquo;s earnings estimates. Analysts predict Super Micro&rsquo;s profits will grow at a staggering 62% annually for the next five years, yet shares trade below that rate. 



Its price-to-earnings growth rate is just 0.72. Anything below 1 is considered cheap. And for a fast-growing industry behemoth like Super Micro Computer, this price is a steal.



<h2>AI-Powered Market Share Gains</h2>



The company is the premier provider of artificial intelligence (AI)-optimized computers, servers, networks, storage solutions and workstations for data centers and other industries.



Data centers, in particular, are a huge growth market at the moment. Hyperscalers like Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) demand more infrastructure to handle the complex computational requirements of AI.&nbsp;



Amazon is one of the largest data center operators for its cloud services business, with 125 sites around the world. Microsoft <a href="https://dgtlinfra.com/microsoft-azure-data-center-locations/">operates 300 physical data centers</a> in 64 regions globally.



McKinsey &amp; Company estimates <a href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy">U.S. data center demand</a> will grow 10% annually through 2030 with construction hitting $49 billion. But because the hyperscale market is forecast to grow 20% a year, McKinsey&rsquo;s outlook may be conservative.



Depending upon who&rsquo;s counting, Super Micro Computer has <a href="https://www.investors.com/news/technology/smci-stock-super-micro-computer-seen-grabbing-ai-server-market-share/">between 5% and 7%</a> of the branded server market, far behind leaders Dell Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>) and Hewlett Packard Enterprise (NYSE:<a href="https://investorplace.com/stock-quotes/hpe-stock-quote/">HPE</a>) with 19% and 13% shares, respectively. 



Yet SMCI is witnessing tremendous growth from AI graphics processing unit platforms. Over 50% of the $3.85 billion in revenue it generated in its fiscal third quarter <a href="https://finance.yahoo.com/news/super-micro-computer-inc-nasdaq-144129328.html">came from AI GPU customers</a>. Dell and Hewlett-Packard report much lower percentages of server revenue coming from AI systems.



<h2>Don&rsquo;t Wait Too Long</h2>



It is clear Super Micro Computer is leading the data center industry&rsquo;s AI conversion. Although the market has bid down SMCI stock, the company is at the forefront of the revolution and will see significant growth for years to come.



To attain a $1,200 per share price level, Super Micro Computer stock needs to rise 54% from its current price. Investors shouldn&rsquo;t expect that to happen overnight. 



However, within the next year, it certainly seems possible. It is also <a href="https://investorplace.com/2024/04/is-the-super-micro-stock-crash-a-buying-opportunity-or-a-red-flag-for-ai-investors/">well within the bounds of reasonable</a> to expect it within two years.



That should make SMCI stock a buy for investors.



On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/super-micro-computer-stock-forecast-can-smci-hit-1200-again/">Super Micro Computer Stock Forecast: Can SMCI Hit $1,200 Again?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Super Micro Computer Stock Forecast: Can SMCI Hit $1,200 Again?

Super Micro Computer: Buy The Dip

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Press Releases

AMB Sports and Entertainment Amps Up Event Experiences at Mercedes-Benz Stadium with Wi-Fi 6E from HPE

Defense Information Systems Agency selects HPE GreenLake for the Distributed Hybrid, Multi-Cloud Prototype to bring unified cloud experience to data centers

HPE Aruba Networking Introduces High-Capacity Wi-Fi 7 Access Points to Improve Enterprise Security, Address AI and IoT Challenges

Danfoss Selects RISE with SAP and HPE GreenLake to Accelerate Sustainable Cloud Journey

Academic Computer Centre Cyfronet AGH launches Poland's fastest supercomputer built by Hewlett Packard Enterprise

Global report finds organizations overlook huge blind spots in their AI overconfidence

University of Tennessee Boosts Game Day Experiences for Fans with Wireless Connectivity to All 102,000 Seats Using Wi-Fi 6E and AI-powered Infrastructure from HPE Aruba Networking

Hewlett Packard Enterprise to Present Live Audio Webcast of Fiscal 2024 Second Quarter Earnings Conference Call

Hewlett Packard Enterprise Delivers Second Exascale Supercomputer, Aurora, to U.S. Department of Energy's Argonne National Laboratory

HPE builds foundation for next-gen data management with software-defined storage and AI-driven automation

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Hewlett Packard Stock (NYSE:HPE), Short Interest Report

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