Hewlett Packard Enterprises projects operating profit to nearly triple by 2028

Hewlett Packard Enterprises, a US-based IT services company, is projected to see its operating result rise from $3.145 billion in 2023 to $8.846 billion by 2028, according to an analysis by François Bloch in the “Money” stock blog. The company's book value per share is also expected to grow from $16.1 to $27.1. Over the past year, the stock has gained 167.1%, outperforming the S&P 500's 15.6% increase. Bloch recommends the stock for long-term investors, citing a fundamental valuation discount of -31.1%.