TLDR
- HPE stock hit an all-time high of $26.45, then cooled to $25.52, up 3.6% on the day.
- Goldman Sachs raised its price target to $30 from $29, reiterating a ‘Buy’ rating.
- HPE is up 5.6% year-to-date and 75% over the past year.
- Raymond James downgraded HPE from Strong Buy to Outperform, setting a $29 price target.
- Evercore ISI raised its price target to $30, citing resilient CPU-driven server demand.
Hewlett Packard Enterprise (HPE) touched an all-time high of $26.45 on Friday before pulling back to $25.52 — still up 3.6% on the day.
Hewlett Packard Enterprise Company, HPE
The move came after Goldman Sachs raised its price target on HPE to $30 from $29, while keeping its ‘Buy’ rating in place.
That vote of confidence gave the stock a lift in afternoon trading, though the gains were partially trimmed as the session wore on.
FactSet data shows analysts hold an average ‘overweight’ rating on HPE, with a mean price target of $26.53 — meaning the stock is now trading right around where Wall Street’s consensus sits.
HPE has been on a strong run. The stock is up 5.6% so far this year and has gained 75% over the past 12 months, a stretch that has taken it from relative obscurity to one of the better-performing names in the hardware space.
The 52-week high before today stood at $26.25, set back in October 2025. Friday’s intraday print of $26.45 officially cleared that bar.
Analyst Views Split on Near-Term Upside
Not everyone is equally bullish. Raymond James moved its rating down from Strong Buy to Outperform this week, trimming enthusiasm while still maintaining a positive view. The firm set a $29 price target.
On the other side, Evercore ISI raised its target to $30, pointing to what it sees as resilient demand for CPU-driven servers as the key driver.
HPE’s market cap sits at around $35 billion. The company carries a 2.2% dividend yield and has posted 14.5% revenue growth. InvestingPro notes it is currently trading above its calculated Fair Value.
HPE also made news at the RSA Conference this week, where it unveiled its SRX400 firewall series. The new lineup includes AI governance tools aimed at distributed locations like retail stores and clinics.
Shareholders recently approved an amendment to the company’s 2021 Stock Incentive Plan, adding 22 million reserved shares. The vote also confirmed 12 directors to the board for the coming year.
The stock has had 14 moves greater than 5% over the past year, making it a fairly active name for a company of its size.
The last major move in the other direction came about 20 days ago, when HPE dropped 4.1% alongside the broader market. That selloff came as rising geopolitical tensions between the U.S. and Iran pushed oil prices above $100 a barrel.
As of Friday’s close, HPE sat at $25.52 per share, just off its fresh all-time high.
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