Summary

• Hewlett Packard Enterprise Company is rated a Buy, driven by surging AI/server demand and networking momentum.
• HPE benefits from Dell’s blowout earnings and analyst upgrades, with Citi raising its price target to $39 on similar AI and server tailwinds.
• JPMorgan and Citi upgrades reflect a shift in market valuation for hardware makers, as AI and neocloud deployments drive sector-wide growth.
• I will upgrade HPE to Strong Buy if upcoming quarterly results are robust and shares avoid profit-taking sell-offs.
• This idea was discussed in more depth with members of my private investing community, DIY Value Investing. Learn More »

Since last year, after Hewlett Packard Enterprise Company (HPE) posted third-quarter results, shares have rewarded shareholders with a 65% return. While that performance beat the S&P 500’s (SP500) 16.33% return, the rally

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