Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $79.00

Key Points

• Barclays raised HPE’s price target to $79 from $67 and maintained an “overweight” rating, implying substantial upside from the stock’s reported $48.97 price. HPE has a “Moderate Buy” consensus rating and an average target of $70.19.
• HPE reported quarterly revenue of $12.21 billion, up 33.7% year over year, and EPS of $1.11, surpassing the $0.93 consensus estimate. Growth was driven by strong AI infrastructure demand, while the company raised its fiscal 2026 EPS guidance to $3.75-$3.85.
• Despite the strong results and outlook, shares fell 5.5% as investors remained concerned about supply constraints and the sustainability of margin gains as AI systems become a larger portion of HPE’s business.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price target boosted by equities research analysts at Barclays from $67.00 to $79.00 in a report released on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price would suggest a potential upside of 61.32% from the stock's current price.

A number of other analysts also recently issued reports on HPE. The Goldman Sachs Group lifted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an "equal weight" rating in a report on Tuesday, June 2nd. Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, June 2nd. Finally, Truist Financial reaffirmed a "buy" rating and issued a $69.00 price target (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $70.19.

Hewlett Packard Enterprise Stock Down 5.5%

Hewlett Packard Enterprise stock opened at $48.97 on Thursday. Hewlett Packard Enterprise has a 1-year low of $19.84 and a 1-year high of $64.25. The firm has a 50 day simple moving average of $49.63 and a 200 day simple moving average of $37.46. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $64.85 billion, a price-to-earnings ratio of 46.58, a P/E/G ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $12.21 billion for the quarter, compared to analysts' expectations of $11.97 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The firm's quarterly revenue was up 33.7% on a year-over-year basis. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, analysts predict that Hewlett Packard Enterprise will post 2.92 earnings per share for the current year.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $26,000. Delos Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its holdings in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock valued at $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $30,000. Finally, First Bancorp Inc ME bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $30,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise News Roundup

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Results and guidance beat expectations: HPE reported fiscal Q3 revenue of $12.21 billion, up 33.7% year over year, and adjusted EPS of $1.11 versus the roughly $0.93 consensus. The company raised fiscal 2026 EPS guidance to $3.75-$3.85 and revenue guidance to $46-$47 billion, both above analyst estimates. Q4 guidance also exceeded expectations. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: AI demand is driving growth: Strong demand for AI infrastructure lifted server and networking sales, helping produce record revenue, orders and profitability. HPE also outlined potential fiscal 2027 revenue growth of 13%-17% and at least $5 billion in free cash flow. HPE raises annual forecasts as AI and networking demand lifts revenue
• Positive Sentiment: Oracle networking collaboration expanded: HPE will deploy Juniper Networking technology across Oracle’s AI data centers, potentially strengthening its position in large-scale AI infrastructure and creating additional networking demand. HPE and Oracle deepen networking collaboration
• Neutral Sentiment: Networking Investor Day scheduled: HPE will hold an investor event on September 30 to discuss the Networking segment’s strategy, portfolio differentiation and growth opportunities. The event could provide further detail on the Juniper integration and AI-related demand. HPE to webcast Networking Investor Day event
• Negative Sentiment: Supply constraints remain a concern: Investors appear worried that limited availability of components and systems could restrict HPE’s ability to fulfill AI-related orders. Shares declined despite the earnings beat and raised outlook. Why is HPE stock falling despite stronger results?
• Negative Sentiment: Margin sustainability is under scrutiny: As AI systems become a larger portion of sales, investors are assessing whether HPE can maintain recent margin gains and convert strong demand into durable, profitable growth.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE's product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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