Goldman Sachs Raises PT on ​Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) has gained more than 60% over the last month, making it one of the Best performing stocks in May. Recently, on June 3, Goldman Sachs raised their price target on the stock from $32 to $79 and maintained a Buy rating on the stock.

​The price target increase comes after Hewlett Packard Enterprise Company (NYSE:HPE) reported strong earnings for its fiscal second quarter of 2026. During the quarter, the company posted record revenue of $10.7 billion, reflecting a 40% year-over-year increase and ahead of the consensus of $9.76 billion. Hewlett also posted all-time highs in gross margin, non-GAAP EPS and free cash flow for the second quarter. Management highlighted profitability as GAAP gross margins reached 36.5% after increasing 810 basis points year over year.

​Revenue was driven by the networking segment, which grew 148% year over year to $2.7 billion. Growth in this segment was helped by Juniper Networks…