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StocksMediumUpdated×2•Originally published 26 March 2026•Updated 28 March 2026•

1 min read

Evercore ISI Raises HPE Price Target to $30 on Strong AI Infrastructure Demand

Juniper Networks and HPE logos over server racks, network switches, cables, a CPU, and gold coins on a data background.

Key Facts

1Evercore ISI raised its price target on Hewlett Packard Enterprise (HPE) to $30.

2 months ago

Version History

5 additional sources confirmed this story

Version 22 months ago

What changed: HPE stock experienced a 4.49% pullback following a strong weekly rally due to overbought technical signals, while the company emphasized its ESG commitments and integrated infrastructure strategy for AI.

Version 12 months ago

What changed: Identified Juniper Networks as the specific merger target and noted the stock's minor pullback due to profit-taking and the strategic shift toward higher-margin orders.

Evercore ISI has increased its price target for Hewlett Packard Enterprise (HPE) to $30, citing the company's strengthening position in the AI infrastructure sector. While HPE's AI-related backlog has surpassed $5 billion, the stock recently slid 4.49% despite a robust 10.4% weekly gain. This pullback was driven by technical indicators suggesting the stock had entered overbought territory following its recent rally. Strategically, HPE is now integrating compute, networking, and data infrastructure to enhance enterprise AI outcomes while navigating merger risks related to Juniper Networks. Additionally, executive John Schultz highlighted the company's focus on combating modern slavery as a core part of its ESG and strategic considerations. These developments underscore HPE's shift toward higher-margin orders to secure sustainable long-term growth.