Morgan Stanley Raises its Price Target on Hewlett Packard (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 10 Best Data Center Stocks with Huge Upside Potential.

On May 21, 2026, Morgan Stanley analyst Erik Woodring raised the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $33 from $25 and maintained an Equal Weight rating on the shares. Woodring said IT hardware has outperformed over the past two and a half months due to short covering, resilient near-term spending, and demand pull-forward. Morgan Stanley said its April and July quarter forecasts reflect stronger-than-expected spending, but warned that pull-forward, memory inflation, supply shortages, and macro pressure could create margin and earnings risk in the second half.

On May 15, 2026, JPMorgan raised the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $37 from $27 and maintained an Overweight rating on the shares. JPMorgan cited the reversal of memory-related concerns for the recent rally in the IT hardware group. The firm said it is most positive on Dell Technologies and HPE heading into earnings, and expects estimate increases to reinforce the companies’ medium-term earnings growth outlooks.

Morgan Stanley Raises its Price Target on Hewlett Packard (HPE)

Earlier in May, Hewlett Packard Enterprise Company (NYSE:HPE) announced new self-driving network capabilities, calling itself the first provider of fully autonomous, agentic AIOps networking. The company said new self-driving actions across HPE Mist and HPE Aruba Central enable networks to detect, diagnose, and resolve issues in real time without human intervention. HPE said the architecture is powered by microservices, autonomous agents, and an advanced agentic mesh.

Hewlett Packard Enterprise Company (NYSE:HPE) develops intelligent technology solutions across the United States, the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and international markets.

While we acknowledge the risk and potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPE and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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