Movement Alert|Hewlett Packard Enterprise Rises 3.07% in Regular Trading, Multiple Investment Banks Bullish Ahead of Earnings Season

Market Focus
3 hours ago

On August 27, Hewlett Packard Enterprise rose 3.07% in regular trading, trading at $55.16 per share, with turnover of $283 million.

On the news front, JPMorgan recently raised its price target on Hewlett Packard Enterprise to $70 from $68, maintaining an Overweight rating. Meanwhile, Morgan Stanley noted that compared to Dell, HP, and NetApp — which face higher buyside expectations and valuation pressure heading into earnings — Hewlett Packard Enterprise holds a more favorable expectations gap for the upcoming reporting season. Morgan Stanley had previously upgraded HPE to Overweight from Equalweight on August 10, setting a $69 target price. The company is scheduled to report fiscal Q3 results on September 2, with consensus EPS expectations of $0.81.

At the sector level, the Technology Hardware, Storage & Peripherals industry showed broad strength, with Dell Technologies up 3.75%, Western Digital up 2.89%, Seagate Technology up 2.16%, Apple up 1.22%, and SanDisk up 1.17%, reflecting positive momentum across the hardware space.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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