Where Will Hewlett Packard Enterprise Stock Be in 1 Year?

Hewlett Packard Enterprise's (NYSE: HPE) stock surged 11% on June 5 after it posted its latest earnings report. For the second quarter of fiscal 2024, which ended on April 30, the enterprise hardware, software, and consulting company's revenue rose 3% year over year to $7.2 billion and exceeded analysts' estimates by $370 million. Its adjusted earnings per share (EPS) fell 19% to $0.42 but still cleared the consensus forecast by $0.03.

Those growth rates seem tepid, but investors seemed relieved that the company cleared Wall Street's low bar. Its stock has already rallied about 30% over the past 12 months, but will it head even higher over the next year?

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Source Fool.com