Hewlett Packard (HPE) Price Target Cut Despite Nvidia Partnership

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the Ten companies that partnered with Nvidia in 2026. According to a report released on April 7, Goldman Sachs analyst Katherine Murphy reaffirmed a Buy rating on Hewlett Packard Enterprise Company (NYSE:HPE), while cutting the company’s price target on the stock. The analyst lowered the company’s price target on the stock from $31 to $29. The adjusted price target suggests a further 16% upside from current levels.

On March 16, Hewlett Packard Enterprise Company (NYSE:HPE) announced a major expansion of its partnership with NVIDIA at GTC 2026. This expansion aims to help businesses adopt AI faster and more efficiently. The collaboration focuses on providing an integrated and secure AI infrastructure that allows companies to move from testing to large-scale deployment more easily.