By Trader Edge
Publication Date: 2026-04-13 14:32:00
Key takeaways
- On Monday, Raymond James downgraded HPE from “Strong Buy” to “Outperform,” expressing less conviction in near-term growth prospects.
- The investment firm lowered its price target from $30 to $29, although it maintains that HPE remains an attractive value option.
- HPE’s Cloud & AI division has underperformed relative to analyst projections, partly attributable to strategic emphasis on profitability rather than volume expansion.
- While the networking business shows potential, it encounters hurdles with campus solutions and the integration of the ongoing Juniper acquisition.
- Analysts at Raymond James project only modest mid-single-digit revenue expansion for HPE in the near term.
Shares of Hewlett Packard Enterprise (HPE) fell more than 3% during Monday’s session following a downgrade from Raymond James, which highlighted growing uncertainty around the company’s expansion prospects.
