Truist raised HPE's target price from $70 to $75 and maintained a “buy” rating, mainly based on improvements in network business and the company's recent upward guidance. The agency believes that the acceleration in demand for cloud computing and AI is driving server demand to remain high, while the synergy effects and profit margin increases in HPE's network business have not yet been fully reflected in the market. Truist predicts that the company's earnings per share will increase by 22% in fiscal year 2027, and that the EPS compound growth rate will remain in the range of more than ten percentage points; at the same time, starting from the fourth quarter of fiscal year 2026, the company expects to return more than 75% of its free cash flow to shareholders. Truist believes that HPE is gradually forming a more balanced network and hardware business structure and is valued at 11 times the expected earnings per share in 2028.

Truist raised HPE's target price from $70 to $75 and maintained a “buy” rating, mainly based on improvements in network business and the company's recent upward guidance. The agency believes that the acceleration in demand for cloud computing and AI is driving server demand to remain high, while the synergy effects and profit margin increases in HPE's network business have not yet been fully reflected in the market. Truist predicts that the company's earnings per share will increase by 22% in fiscal year 2027, and that the EPS compound growth rate will remain in the range of more than ten percentage points; at the same time, starting from the fourth quarter of fiscal year 2026, the company expects to return more than 75% of its free cash flow to shareholders. Truist believes that HPE is gradually forming a more balanced network and hardware business structure and is valued at 11 times the expected earnings per share in 2028.