Raymond James Financial Issues Positive Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Posted by Geri Gentry on Sep 3rd, 2026

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) had its price objective upped by investment analysts at Raymond James Financial from $74.00 to $86.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Raymond James Financial’s price target would suggest a potential upside of 69.87% from the company’s current price.

HPE has been the subject of a number of other research reports. Barclays boosted their price target on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley lowered their price target on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday. Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.

View Our Latest Report on HPE

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $1.20 during trading on Thursday, hitting $50.63. 35,974,310 shares of the company’s stock traded hands, compared to its average volume of 20,872,719. The stock has a market capitalization of $67.04 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. Hewlett Packard Enterprise has a 52 week low of $19.84 and a 52 week high of $64.25. The stock has a fifty day moving average price of $49.63 and a two-hundred day moving average price of $37.46. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The business had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. 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. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 2.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors have recently bought and sold shares of the company. Parrish Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $201,000. Amundi boosted its position in Hewlett Packard Enterprise by 61.0% during the second quarter. Amundi now owns 6,875,028 shares of the technology company’s stock worth $310,132,000 after purchasing an additional 2,604,937 shares during the period. Advus Financial Partners LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $244,000. Financial Insights Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $237,000. Finally, California State Teachers Retirement System grew its holdings in Hewlett Packard Enterprise by 4,299.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,484,612 shares of the technology company’s stock valued at $4,171,981,000 after buying an additional 90,382,225 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Key Stories Impacting Hewlett Packard Enterprise

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

Positive Sentiment: AI demand is driving strong growth. HPE reported record fiscal Q3 revenue of approximately $12.2 billion, up 34% year over year, while non-GAAP EPS of $1.11 rose 152% and exceeded consensus estimates near $0.95. Server and networking demand tied to enterprise and “agentic” AI contributed to record orders and backlog. HPE Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
Positive Sentiment: Management raised its outlook. HPE lifted fiscal 2026 EPS guidance to $3.75-$3.85, above the roughly $3.34 consensus, and forecast revenue of $46-$47 billion. It also projects at least $3.75 billion in fiscal 2026 free cash flow and expects fiscal 2027 revenue growth of 13%-17%. HPE raises FY27 outlook on agentic AI demand, reports record orders
Positive Sentiment: Several analysts remain bullish. Citigroup raised its price target to $76, Truist to $70 and Barclays to $79; all maintain “buy” or “overweight” ratings. These targets imply substantial potential upside if AI-driven growth and profitability continue.
Neutral Sentiment: HPE expanded its collaboration with Oracle to deploy HPE Juniper Networking in Oracle AI data centers, reinforcing its positioning in large-scale AI infrastructure. The company will also host a Networking Investor Day on September 30.
Neutral Sentiment: HPE declared a quarterly dividend of $0.1425 per share, payable October 16 to shareholders of record September 17. The annualized yield is approximately 1.1%.
Negative Sentiment: Supply constraints are overshadowing the results. Networking orders reportedly exceed available supply, raising concerns that shortages could delay revenue recognition and limit HPE’s ability to capitalize fully on AI demand. HPE Earnings Soar but Supply Constraints Aren’t Going Away
Negative Sentiment: Investors questioned margin durability. As AI systems become a larger portion of the product mix, the market is evaluating whether recent margin expansion can persist amid component shortages and potentially intense competition. UBS cut its target to $59 with a “neutral” rating, while Wells Fargo reduced its target to $54 and assigned “equal weight.” Why is HPE stock falling despite stronger-than-expected results, raised guidance?

About Hewlett Packard Enterprise

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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.