Hewlett Packard Enterprise

HPE · NYSE

$56.09+$0.22 (+0.39%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $55.87

HPE analyst rating

BuyConsensus of 20 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy12
Hold8
Underperform0
Sell0

12-month price target · 22 analysts

Average $72.52 (+29.3% upside)

Low: $53.12
Now: $56.09
High: $96.60

Upgrades and downgrades

The latest rating actions, newest first

HPE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 14, 2026	Downgrade	Overweight → Equal-Weight	$83.00 → $77.00	58%
Daiwa Capital	Oct 2, 2026	Upgrade	Neutral → Outperform	$65.00 → $75.00	70%
Citigroup	Oct 1, 2026	Maintains	Buy	$76.00 → $92.00	81%
Morgan Stanley	Oct 1, 2026	Maintains	Overweight	$67.00 → $72.00	62%
Evercore ISI Group	Oct 1, 2026	Maintains	In-Line	$65.00 → $67.00	65%
UBS	Oct 1, 2026	Maintains	Neutral	$59.00 → $66.00	65%
Truist Securities	Oct 1, 2026	Maintains	Buy	$70.00 → $75.00	58%
Barclays	Oct 1, 2026	Maintains	Overweight	$79.00 → $83.00	58%
Wells Fargo	Oct 1, 2026	Maintains	Equal-Weight	$54.00 → $63.00	54%
Evercore ISI Group	Sep 14, 2026	Downgrade	Outperform → In-Line	$65.00	65%

The case for and against

Updated Oct 15, 2026

Bull case

Hewlett Packard is viewed positively because its Cloud/AI server business is benefiting from agentic and inference-AI demand, with F3Q26 sales up 25% and traditional server orders up 75%, while a $3.5 billion hyperscaler deal adds visibility. Networking is becoming a much larger profit engine after Juniper, with management lifting FY27E growth to high-teens to low-20% and targeting $800 million of annual run-rate cost synergies by the end of FY28E. Stronger margins, a raised FCF outlook of $5.0 billion+ for F2027E, and a commitment to return at least 75% of FCF to shareholders support the bullish fundamental case.

Bear case

Hewlett Packard is exposed to meaningful execution risk from the Juniper merger, and any integration missteps could distract management while undermining the scaled Networking and Hardware platform thesis. Rising memory costs, freight and shipping inflation, and intense competition may compress margins if HPE cannot fully pass through higher expenses, weakening profitability despite its edge-to-cloud positioning. While the company is expected to generate double-digit EPS growth with cost synergies, free cash flow, and buybacks, those benefits may be offset if a macro downturn slows enterprise demand and delays realization of the nearly 40% non-GAAP operating income contribution from Networking in FY27E.

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