Raymond James raises HP Enterprise stock price target on AI momentum

Raymond James has raised its price target on HP Enterprise stock (NYSE:HPE) to $86 from $74, maintaining an Outperform rating. The firm highlighted the company's solid third-quarter fiscal 2026 results, better-than-expected guidance, and the impact of AI servers on growth. HP Enterprise delivered a 132% return over the past year, with 23% revenue growth in the last twelve months, driven by AI momentum.

The stock is currently trading near its Fair Value, with a P/E ratio of 48.5, and analysts anticipate further growth in unit sales.

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