Barclays cuts target for HPE stock from USD 83 to USD 77

Published on 10/23/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPE stock costs EUR 50.55 on October 23, 2026 beside USD 12.21 billion quarterly revenue. HPE guides for USD 13.9 billion to USD 14.8 billion next quarter.

Analyst caution meets growth

Barclays lowered its HPE target from USD 83 to USD 77 on October 14, 2026.
Fiscal third-quarter revenue reached USD 12.21 billion, up 34.00 percent year over year.
Hewlett Packard Enterprise stock trades at EUR 50.55 at 10:49 a.m. CEST at Lang & Schwarz on October 23, 2026.
HPE expects USD 13.9 billion to USD 14.8 billion in fiscal fourth-quarter revenue.

Architektur-Render eines modernen Glasgebäudes mit Skulptur, HPE US42824C1099 — Hewlett Packard Enterprise US42824C1099 im Architektur-Render: modernes gläsernes Firmengebäude mit Metallstruktur und Skulptur, Illustration mit AI erstellt.

Hewlett Packard Enterprise (ISIN US42824C1099) was trading at EUR 50.55 at Lang & Schwarz on October 23, 2026 at 10:49 a.m. CEST. The latest analyst move came from MarketBeat, which reported on October 14, 2026 that Barclays cut its target from USD 83 to USD 77 and lowered its rating from Overweight to Equal Weight.

Barclays questions the AI premium

The target reduction followed HPE's sharp re-rating during 2026 and reflected a more cautious view of enterprise AI spending. Barclays analyst Tim Long said valuations had moved ahead of confidence in a meaningful AI-driven growth inflection, while the note also pointed to memory-cost pressure in server markets.

The company still has substantial operating momentum. In its fiscal third quarter ended July 31, 2026, HPE reported revenue of USD 12.21 billion, up 34.00 percent from the prior-year period, according to Hewlett Packard Enterprise. Non-GAAP operating profit margin reached 16.20 percent, compared with 8.50 percent in the prior-year quarter.

What does the order mean for growth?

HPE announced a USD 1.20 billion AMD Helios order from Vultr on September 30, 2026. The transaction was the first order for the new AI rack system and linked compute, networking and services in one deployment. HPE also raised its fiscal 2026 revenue growth outlook to 34.00 percent to 37.00 percent.

Three milestones frame the story

HPE reported fiscal third-quarter revenue of USD 12.21 billion on September 2, 2026. It announced the USD 1.20 billion Vultr order on September 30, 2026. Barclays then cut its target from USD 83 to USD 77 on October 14, 2026. Each event carries a different investor signal: demand is expanding, AI infrastructure contracts are arriving, and valuation has become a larger part of the debate.

Dates investors can track

HPE lists UBS's technology and AI conference for December 2, 2026, followed by Barclays' global technology conference on December 9, 2026, on its investor-relations calendar. Those dates provide the next scheduled opportunities for management commentary.

Price reflects a live market test

HPE's latest figures combine rapid revenue growth with higher expectations for AI and networking. The fiscal fourth-quarter revenue outlook of USD 13.9 billion to USD 14.8 billion gives the market a near-term benchmark, while Barclays' USD 77 target shows how analysts can remain constructive on the business but more cautious on valuation. HPE shares were trading at EUR 50.55 at Lang & Schwarz on October 23, 2026 at 10:49 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of HPE stock.