Jim Cramer’s Top 10 Stock Picks You Can’t Ignore

7. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Investors: 58

Jim Cramer commented on Hewlett Packard Enterprise Company (NYSE:HPE) by saying that he believes HPE will exceed expectations with its offering. He agreed that Hewlett Packard Enterprise Company (NYSE:HPE) is very inexpensive at $17 and expressed his optimism, matching the viewer’s positive view.

“I think HPE is going to surprise people with that offering. You’re absolutely right; it’s a very inexpensive stock. Down here at $17, I’m as positive as you are!”

Hewlett Packard Enterprise Company (NYSE:HPE) is positioned for strong growth, driven by its solid recent earnings and strategic moves. Hewlett Packard Enterprise Company (NYSE:HPE)’s Q3 2024 results were impressive, with $7.5 billion in revenue and increased net income, reflecting both effective management and high demand for its products. Hewlett Packard Enterprise Company (NYSE:HPE) is capitalizing on the growing need for flexible IT solutions through its GreenLake platform, which provides hybrid cloud services tailored to modern businesses.

Additionally, recent acquisitions and partnerships, such as with Aruba Networks, enhance its network and cybersecurity capabilities. With the broader trend of digital transformation accelerating, Hewlett Packard Enterprise Company (NYSE:HPE) is well-placed to benefit from these industry shifts, making it a promising investment.