{
  "id": 5308172,
  "title": "Wells Fargo cuts HP Enterprise stock price target on revenue concerns",
  "url": "https://urgent.news/2026/09/03/wells-fargo-cuts-hp-enterprise-stock-price-target-on-revenue-concerns",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T10:39:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/wells-fargo-cuts-hp-enterprise-stock-price-target-on-revenue-concerns-93CH-4887454"
  },
  "original_language": "en",
  "account": "Wells Fargo has reduced its price target on HP Enterprise stock from $67 to $54, while keeping an Equal Weight rating. The bank expressed concerns over the pace of revenue conversion and EBIT percentage. HP Enterprise's stock has dropped 4.7% in the past week, but is trading close to the firm's Fair Value estimate of $52.08. Despite this, the company reported a 22.6% year-over-year revenue growth, reaching $38.8 billion. Wells Fargo noted that the company's Intelligent Edge business, which combines high-performance computing and AI, is seeing slower growth than anticipated due to customer inventory clearing. The bank remains optimistic about HP Enterprise's strategic position in this sector, citing potential long-term growth and better margins. Wells Fargo anticipates that HP Enterprise's net income will rise this year, despite short-term hurdles. Investors can find a detailed analysis in HP Enterprise's Pro Research Report, one of over 1,400 reports available for US equities on the InvestingPro platform. HP Enterprise's recent fiscal third-quarter 2026 results were impressive, with $1.11 earnings per share and $12.2 billion in revenue, beating analyst expectations. The company's revenue grew by 34% compared to the prior year, with non-GAAP EPS surpassing $1 for the first time in a single quarter. This growth was fueled by stronger-than-expected Cloud & AI revenue and improved EBIT margins. Following these results, Goldman Sachs upgraded its rating to Buy with a $75 price target, while Raymond James raised its target to $86, citing AI server momentum. Deutsche Bank also increased its target to $68, citing record AI demand and $3.1 billion in orders. HP Enterprise has revised its fiscal 2026 guidance, projecting 34-37% revenue growth and non-GAAP diluted net earnings per share between $3.75 and $3.85. The company also highlighted a backlog of $7.6 billion, with memory availability as the main supply constraint. These factors contribute to a bullish outlook for HP Enterprise, driven by AI advancements and solid financial performance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Goldman Sachs reiterates Buy on HP Enterprise stock after earnings beat",
        "url": "https://urgent.news/2026/09/03/goldman-sachs-reiterates-buy-on-hp-enterprise-stock-after-earnings",
        "published": "2026-09-03T10:02:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}