Bank of America raises HPE target to $38 with Buy rating, citing solid Q1 FY2026 results: revenue +18% YoY and Networking up 152% post-Juniper, with agentic AI driving demand and a $6.5B AI server forecast.Abstract: Bank of America raises HPE's price target to $38 and reiterates a Buy rating on the strength of Q1 FY2026 results, including 18% revenue growth and a 152% Networking surge after the Juniper integration. It flags agentic AI as a key catalyst and projects $6.5 billion in AI server sales for 2026.

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2026-05-10 00:46:22

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Bank of America has raised its price target for Hewlett Packard Enterprise (HPE) to $38, making it the highest on Wall Street, while reiterating a “Buy” rating. This upgrade follows HPE’s strong first-quarter fiscal 2026 results, which saw revenue increase by 18% year-over-year and its Networking division skyrocket by 152% after the Juniper Networks integration. The firm highlighted “agentic AI” as a key catalyst for demand, projecting $6.5 billion in AI server sales for HPE in 2026.

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Hewlett Packard Enterprise (HPE) Stock Receives Top Wall Street Price Target of $38

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