HPE Lands on Evercore’s Tactical Outperform List With $28 Target

Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the AI Stocks Trending on Wall Street. On Nov. 10, Evercore ISI maintained its Outperform rating on the stock with a $28 price target.

The company has also added HPE to its tactical outperformance list, anticipating strong January quarter guidance, Juniper synergies, and increased AI computing margin to drive continued outperformance.

According to the firm, HPE’s integration of Juniper Networks will likely accelerate in the first half of the fiscal year. This will generate additional benefits as the company reduces combined costs.

Evercore ISI also discussed HPE’s increased focus on the profitability of AI computing, with approximately 50% of computing orders coming from enterprise and sovereign customers. The increased emphasis will likely accelerate margin expansion, the firm said.

Meanwhile, the networking segment is expected to benefit from continuous campus upgrade cycles and investments in AI connectivity by enterprises.