Hewlett Packard Enterprise (NYSE:HPE) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised HPE’s price target to $92 from $76 and maintained a “buy” rating, implying 42.91% upside from the reported $64.38 share price.
• HPE reported quarterly EPS of $1.11, beating the $0.93 consensus estimate, while revenue rose 33.7% year over year to $12.21 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $71.88.
• HPE secured a $1.2 billion order from Vultr for AMD Helios AI Rack systems and highlighted stronger long-term networking growth prospects, reinforcing investor enthusiasm around its AI infrastructure business.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective upped by equities research analysts at Citigroup from $76.00 to $92.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Citigroup's price objective suggests a potential upside of 42.91% from the company's current price.

Several other equities analysts have also commented on HPE. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a "buy" rating in a report on Monday, August 31st. Truist Financial reaffirmed a "buy" rating and set a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a research report on Thursday. Argus reissued a "buy" rating and issued a $70.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 1st. They issued a "buy" rating and a $62.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $71.88.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.49 on Thursday, reaching $64.38. The stock had a trading volume of 9,965,564 shares, compared to its average volume of 21,287,063. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $85.46 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 0.55 and a beta of 1.43. Hewlett Packard Enterprise has a 1-year low of $19.84 and a 1-year high of $67.10. The stock has a fifty day moving average price of $55.04 and a 200-day moving average price of $42.75.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The business had revenue of $12.21 billion for the quarter, compared to analysts' expectations of $11.97 billion. During the same period in the previous year, the firm posted $0.44 EPS. The firm's revenue was up 33.7% compared to the same quarter last year. 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. Research analysts forecast that Hewlett Packard Enterprise will post 3.33 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 17,000 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director owned 65,072 shares of the company's stock, valued at $3,703,247.52. This trade represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Antonio Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the sale, the chief executive officer owned 1,432,393 shares of the company's stock, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its position in Hewlett Packard Enterprise by 148.1% during the second quarter. QRG Capital Management Inc. now owns 446,503 shares of the technology company's stock valued at $20,142,000 after buying an additional 266,499 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $1,076,000. Andra AP fonden bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $10,759,000. Tidal Investments LLC lifted its holdings in Hewlett Packard Enterprise by 552.7% in the 2nd quarter. Tidal Investments LLC now owns 800,103 shares of the technology company's stock worth $36,093,000 after purchasing an additional 677,528 shares in the last quarter. Finally, BlueCrest Capital Management Ltd lifted its holdings in Hewlett Packard Enterprise by 105.8% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 201,015 shares of the technology company's stock worth $9,068,000 after purchasing an additional 103,323 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Key Hewlett Packard Enterprise News

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

• Positive Sentiment: $1.2 billion Vultr order: HPE secured its first order for AMD Helios AI Rack systems from cloud provider Vultr. The systems will be deployed across Vultr’s U.S. data centers, providing a significant customer win for HPE’s AI servers, networking hardware and related software. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: Networking outlook raised: At its Networking Investor Day, HPE highlighted stronger long-term growth opportunities in data-center networking, routing, campus and branch networking, and security, with AI demand serving as a key growth driver. HPE boosts networking growth outlook, gets $1.2 billion AI order
• Positive Sentiment: Analyst target increases: Barclays raised its target to $83 from $79 and maintained an overweight rating. Truist lifted its target to $75 from $70 while reaffirming buy, and Morgan Stanley raised its target to $72 from $67 with an overweight rating. These revisions suggest analysts see additional upside from AI infrastructure and networking growth.
• Neutral Sentiment: Mixed analyst view: UBS raised its target to $66 from $59 but kept a neutral rating, while Wells Fargo increased its target to $63 from $54 and maintained equal weight. Their targets indicate that some analysts believe much of HPE’s recent rally and AI optimism is already reflected in the valuation. HPE Networking Outlook Gets Boost as Barclays, Citi and Wells Fargo Raise Price Targets

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE's portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.

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