Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.
Hewlett Packard Enterprise Company (NYSE:HPE) is drawing a more positive view from analysts based on its robust and sustainable demand. On June 2, Barclays analyst Tim Long raised the price target on the stock to $67.00 (from $28.00) while maintaining an Overweight rating.
Firm analysts have raised its estimates for HPE to reflect robust demand and average selling price benefits. Consequently, it has raised its forecasts for Q3 and Q4 of FY26 and FY27.
We maintain our OW rating, given the strength and sustainability of demand. We increase our PT to $67 on 15x our FY28 EPS of $4.44 from our prior PT of $28 on 10x our FY27 EPS of $2.75 given sustained demand.
The increased price target is a reflection of expectations for sustained demand in HP Enterprise’s business segments.
Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.
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