
Hewlett Packard (HPE) Stock Forecast & Price Target
Hewlett Packard (HPE) Analyst Ratings
Bulls say
Hewlett Packard is supported by accelerating Cloud/AI demand and an underappreciated Networking business that is becoming a much larger earnings driver, with Networking now expected to make up about 45% of FY27E operating profit. Management’s repeated guide raises, stronger underlying demand, and improved purchase-price commitments point to high-teens to low-20% Networking growth in FY27E, while F3Q26 showed 34% sales growth, 16.2% EBIT margins, and $958M in FCF. The Juniper integration is also tracking ahead of plan, with $800mn in annual run-rate cost synergies by the end of FY28E and a stated return of >75% of FCF to shareholders, supporting 15-20% EPS growth over the next several years.
Bears say
Hewlett Packard is facing a difficult operating backdrop, with Juniper merger integration and execution risk adding uncertainty to an already challenged business. Margin pressure from rising memory costs and broader inflationary headwinds such as freight and shipping may not be fully passed on to customers, which could compress profitability across its compute, storage, and networking lines. Competitive pressure from peers, combined with the risk of a macro downturn, further weakens the outlook for a company trying to build an edge-to-cloud portfolio in a demanding enterprise hardware market.
This aggregate rating is based on analysts' research of Hewlett Packard and is not a guaranteed prediction by Public.com or investment advice.
Hewlett Packard (HPE) Analyst Forecast & Price Prediction
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