Hewlett Packard Enterprise (HPE) is a global enterprise technology provider valued at $27.4 billion, specializing in servers, cloud infrastructure, and data management. Despite underperforming the Technology Select Sector SPDR Fund, HPE stock has gained 20% in the past year but slid 10.9% after issuing a weaker fiscal outlook.

For the current fiscal year, analysts predict HPE’s EPS to decline 12.1% to $1.52. The consensus among 20 analysts covering HPE stock is a “Moderate Buy,” with seven “Strong Buy” ratings, one “Moderate Buy,” and 12 “Holds.” This is a more bearish outlook compared to two months ago.

On Oct. 17, Evercore ISI’s Amit Daryanani reiterated a “Buy” rating on HPE with a price target of $28. Despite the conservative fiscal outlook and mixed earnings history, analysts remain cautiously optimistic about the company’s future performance and potential for growth in the enterprise technology sector.

Read more at Yahoo Finance: Are Wall Street Analysts Bullish on Hewlett Packard Enterprise Stock?