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Analysts Offer Insights on Technology Companies: Hewlett Packard Enterprise (HPE) and Micron (MU)

Tipranks - Tipranks - Thu Jun 18, 5:50AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Hewlett Packard Enterprise (HPE) and Micron (MU) with bullish sentiments.

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Hewlett Packard Enterprise (HPE)

Citi analyst Asiya Merchant reiterated a Buy rating on Hewlett Packard Enterprise today and set a price target of $70.00. The company’s shares closed last Tuesday at $48.38.

According to TipRanks.com, Merchant is a top 25 analyst with an average return of 123.8% and a 81.5% success rate. Merchant covers the Technology sector, focusing on stocks such as Super Micro Computer, Dell Technologies, and TE Connectivity. ;'>

Hewlett Packard Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $67.73, implying a 37.8% upside from current levels. In a report issued on June 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $49.00 price target.

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Micron (MU)

Citi analyst Atif Malik maintained a Buy rating on Micron today and set a price target of $1200.00. The company’s shares closed last Tuesday at $1020.76.

According to TipRanks.com, Malik is a top 25 analyst with an average return of 52.5% and a 81.3% success rate. Malik covers the Technology sector, focusing on stocks such as Cerebras Systems, Inc. Class A, Advanced Micro Devices, and Keysight Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Micron with a $1030.71 average price target, which is a -6.3% downside from current levels. In a report issued on June 2, TD Cowen also maintained a Buy rating on the stock.

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