Hewlett Packard Enterprise multiple brokers raise price targets after record AI-driven Q2

 

• Loop Capital upgrades HPE to Buy, raising its price target to $75 from $23.
• JPMorgan, Morgan Stanley and UBS raise HPE price targets to $68, $71 and $65 after strong Q2.
• Q2 revenue $10.7B up 40%, EPS $0.79 up 108%, both above guidance.
• Orders more than doubled, driving record company backlog and strong visibility into second-half demand.
• Networking revenue $2.7B up 10% normalized, with orders outpacing revenue across all categories.
• Cloud and AI revenue $7.7B up 23%, driven by traditional servers, AI systems and Alletra MP.
• Management raised FY26 EPS outlook over 40% to $3.35–$3.45 and FCF ≥$3.5B.
• Initial FY27 framework targets 8–12% revenue growth, 12–16% EPS growth, FCF ≥$4.5B.

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