Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $71.00

Posted by John Perry on Jun 3rd, 2026

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) had its target price lifted by equities research analysts at Morgan Stanley from $33.00 to $71.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 24.16% from the company’s current price.

A number of other research analysts have also recently issued reports on HPE. JPMorgan Chase & Co. lifted their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday. Susquehanna lifted their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group lifted their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America lifted their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.12.

Check Out Our Latest Research Report on HPE

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $14.15 during mid-day trading on Tuesday, reaching $57.19. The company had a trading volume of 106,917,826 shares, compared to its average volume of 19,915,974. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. Hewlett Packard Enterprise has a one year low of $17.02 and a one year high of $47.97. The firm has a market cap of $75.88 billion, a price-to-earnings ratio of -249.32, a PEG ratio of 1.10 and a beta of 1.28. The business’s 50-day simple moving average is $29.23 and its 200 day simple moving average is $24.80.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter last year, the business earned ($0.82) earnings per share. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. On average, research analysts predict that Hewlett Packard Enterprise will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Marie Myers sold 93,583 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total value of $2,808,425.83. Following the transaction, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 112,652 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total value of $2,826,438.68. Following the completion of the transaction, the executive vice president directly owned 56,494 shares in the company, valued at approximately $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 702,402 shares of company stock valued at $18,440,171 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after buying an additional 113,906 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after buying an additional 1,377 shares in the last quarter. Brown Advisory Inc. grew its holdings in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC grew its holdings in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after buying an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Hewlett Packard Enterprise during the second quarter worth $207,000. Institutional investors own 80.78% of the company’s stock.

More Hewlett Packard Enterprise News

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

Positive Sentiment: HPE reported fiscal Q2 revenue of $10.68 billion and EPS of $0.79, both well above Wall Street estimates, marking a major earnings beat and signaling stronger operating momentum. HPE Reports Fiscal 2026 Second Quarter Results
Positive Sentiment: The company raised full-year FY2026 guidance to $3.35-$3.45 in EPS and $44.2 billion-$45.6 billion in revenue, and also lifted Q3 guidance, reinforcing confidence in future growth. HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
Positive Sentiment: Management said surging AI compute demand is accelerating long-term progress, and HPE pulled forward its long-term financial targets by two years, a sign that the AI buildout is translating into faster-than-expected results. HPE Pulls Forward Long-Term Targets as Surging AI Compute Demand Boosts Revenue
Positive Sentiment: Several analysts turned more constructive after the report, with JPMorgan, Raymond James, Bank of America, and Loop Capital raising targets or upgrading the stock, which can help support further investor sentiment. Analyst target raises via Benzinga
Neutral Sentiment: HPE also announced a quarterly dividend of $0.1425 per share, a routine capital-return update that is not likely the main driver of the stock move. HPE Reports Fiscal 2026 Second Quarter Results

About Hewlett Packard Enterprise

(Get Free Report)

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.