By Trader Edge
Publication Date: 2026-04-30 12:04:00
TLDR
- Bank of America raised its price target on HPE to $38 (a new street high), while maintaining a “Buy” rating.
- HPE reported first-quarter fiscal 2026 revenue of $9.3 billion, up 18% year-over-year, and earnings per share of $0.65 that beat estimates.
- The Networks segment increased 152% to $2.7 billion following the acquisition of Juniper Networks.
- HPE shares have risen approximately 73% over the past 12 months, reaching an all-time high of $29.63.
- Institutional investors own 80.78% of HPE shares; Consensus rating is “Moderate Buy”
Bank of America just raised its price target for Hewlett Packard Enterprise to $38 (up from $32), making it the new high on the Street. The bank maintained its “Buy” rating and pointed to “agent AI” as a key new demand driver for HPE’s infrastructure business.
Hewlett Packard Enterprise Company, HPE
Analyst Wamsi Mohan’s team sees HPE as a premium AI server maker, well positioned to gain market share as more complex AI workloads become standard. BofA estimates…
