Movement Alert|Hewlett Packard Enterprise Rises 4.2% in Regular Trading, Morgan Stanley Upgrades Rating to Overweight

Market Focus
Aug 10

On August 10, Hewlett Packard Enterprise rose 4.2% in regular trading, trading at $55.88/share, with turnover of $52.05 million.

On the news front, Morgan Stanley upgraded Hewlett Packard Enterprise from Equalweight to Overweight, adjusting its price target to $69 from $71. According to FactSet, the stock currently carries an average analyst rating of Overweight with a consensus price target of $68.71, implying significant upside from the current level. Previously, Citigroup also raised its price target on HPE from $70 to $74 while maintaining a Buy rating, citing robust AI infrastructure demand as a sustained tailwind for hardware suppliers.

Within the broader AI hardware space, peer Dell Technologies gained 3.68% on the same day, reflecting continued sector momentum. Super Micro Computer rose 5.33% in the Technology Hardware, Storage and Peripherals sector. The stock had declined 3.07% on August 7 amid broader sector weakness, making the current rebound particularly notable against the backdrop of multiple analyst endorsements.

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