12 Most Undervalued Tech Stocks to Invest in Now

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4. Hewlett Packard Enterprise Company (NYSE:HPE)

Forward P/E Ratio: 10.99

Earnings Growth: 3.66%

Number of Hedge Fund Holders: 64

Hewlett Packard Enterprise Company (NYSE:HPE) is an international technology company that provides IT solutions to businesses. Their products and services include servers, storage solutions, and networking products. It generates revenue through the sale of products and services. However, management has been focused on transitioning towards a software-as-a-service model through its investment in edge-to-cloud platforms.

On December 6, 2024, CitiGroup upgraded Hewlett Packard Enterprise Company (NYSE:HPE) to Buy from Neutral, raising its price target from $23 to $26. Analysts at Citigroup expect the company’s AI revenue to continue growing at an annual rate of 25% through 2026, driven by increased adoption of innovative technologies including its cooling systems.

During the fiscal fourth quarter of 2024, the company grew its AI-related revenue by 300% year-over-year to reach $1.5 billion. Moreover, it also had a robust order pipeline of $3.5 billion as of the fourth quarter indicating a strong foothold in private cloud AI solutions. It is one of the most undervalued tech stocks to invest in now.

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