Barclays Bumps Up Hewlett Packard Enterprise Price Target By 25%

Barclays analyst Tim Long upgraded Hewlett Packard Enterprise Co HPE to Overweight from Equal Weight with a price target of $20, up from $16. The price target implies a 23.9% upside.
Long believes the company's core server and storage market is stabilizing and moving to as-a-service.
Meanwhile, Long thinks its networking "should see solid growth."
Further, HP Enterprise's valuation is the lowest in the group.
Hewlett Packard Enterprise is a supplier of IT infrastructure products and services.
Price Action: HPE shares traded higher by 2.66% at $16.57 in the premarket session on the last check Tuesday.

Momentum22.75

Growth85.37

Quality46.42

Value75.38

Short

Medium

Long

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