HPE peut-elle encore progresser ? Loop Capital explique

Hewlett Packard Enterprise HPE shares are up more than 25% this morning after après avoir publié un T2 record and offering impressive guidance for the full year.

Versus its year-to-date low in late February, HPE shares have nearly tripled already – but a senior Loop Capital analyst believes they still have significant room to the upside.

Ananda Baruah upgraded the artificial intelligence (AI) servers specialist to “buy” on Tuesday and raised the price target to $75, indicating potential upside of another 30% from current levels.

Why Loop Capital sees further upside in HPE stock

In his research note, Baruah said Hewlett Packard’s second-quarter financials signal a fundamental shift in enterprise demand – not merely a one-time earnings surprise.

“Apr Q was a historic blowout quarter as Agentic and Inferencing adoption is triggering not only amplified revenue growth but [operating margin] expansion as well,” he told clients.

According to Loop Capital, commercial inference investment is still in its early stages, suggesting HPE’s server business could sustain elevated growth for several years.

Even from a technical perspective, HPE stock currently sits firmly above its key moving averages (MAs), with an RSI in the early 90s indicating exceptional buying pressure.

A 0.97% dividend yield makes Hewlett Packard even more attractive as a long-term holding.

Hewlett Packard shares are more attractively priced than Dell

In fiscal 2026 as a whole, HPE now sees its revenue coming in up at least 29% on the back of 72% increase in networking revenue.

“If the current ... networking explosion transforms into a durable multi-year architecture overhaul rather than a cyclical surge, out-year estimates will see continued upward revisions,” Baruah wrote.

Investors should also note that Hewlett Packard shares are currently going for nearly 22x forward earnings – a valuation multiple that makes them significantly cheaper to own than peer Dell at 35x.

Moreover, HPE has historically ended both June and July in green – a seasonal trend that reinforces its investment appeal for the near-term.

Juniper deal positions HPE shares for continued gains

Beyond immediate server demand, HPE’s medium-term growth engine is set to accelerate via its successful integration of Juniper Networks.

This highly anticipated consolidation reshapes Hewlett Packard Enterprise’s architecture, blending high-margin enterprise AI infrastructure with deep cloud-native networking capabilities.

By injecting Juniper’s advanced Mist AI across its product portfolio, HPE meaningfully expands its total addressable market within hybrid cloud environments and edge computing.

The synergy not only optimizes cross-selling opportunities into a huge, sticky enterprise customer base but also introduces a highly lucrative, recurring software-as-a-service (SaaS) revenue stream.

As these integration efficiencies materialize over the coming quarters, they will provide powerful, long-term margin defense and consistent structural tailwinds, driving HPE stock up further.

Note that Wall Street more broadly has a consensus “moderate buy” rating on Hewlett Packard Enterprise at writing.