Barclays cuts target for HPE stock to USD 77.00

Published on 10/15/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPE reported USD 12.21 billion in fiscal Q3 2026 revenue, up 33.70 percent year over year. HPE stock costs EUR 54.62 on October 15, 2026.

Barclays changes its HPE view

Barclays cut its target from USD 83.00 to USD 77.00 on October 14, 2026.
Fiscal third-quarter revenue reached USD 12.21 billion, up 33.70 percent year over year.
HPE stock traded at EUR 54.62 at 10:02 a.m. CEST at Lang & Schwarz on October 15, 2026.

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 (US42824C1099) traded at EUR 54.62 at Lang & Schwarz on October 15, 2026, at 10:02 a.m. CEST. On October 14, 2026, Barclays cut its target for the company from USD 83.00 to USD 77.00 and downgraded the stock to Equal Weight, as Yahoo Finance reported.

Barclays questions the valuation

Barclays analyst Tim Long left his earnings projections unchanged but lowered the valuation multiple used for fiscal 2028 adjusted earnings per share from 14 times to 13 times. The revised USD 77.00 target gives the downgrade a clear valuation focus after HPE's sharp advance earlier in 2026.

The same report said higher memory costs have supported server average selling prices, while a stronger artificial intelligence growth inflection has yet to appear. Networking has become more important after the Juniper Networks acquisition, but the report warned that some upside could fade as memory prices normalize.

What did HPE deliver in fiscal Q3?

HPE reported fiscal third-quarter revenue of USD 12.21 billion, up 33.70 percent from the prior year, while adjusted earnings per share reached USD 1.11 against a USD 0.95 consensus estimate, according to Zacks. Management raised fiscal 2026 revenue growth guidance to 34 to 37 percent and set adjusted earnings-per-share guidance at USD 3.75 to USD 3.85.

Three dated HPE milestones

On September 2, 2026, HPE reported fiscal third-quarter revenue of USD 12.21 billion. On September 30, 2026, it announced a USD 1.20 billion AI systems order from Vultr. On October 14, 2026, Barclays reduced its target to USD 77.00, according to Yahoo Finance.

Dates on the company calendar

HPE's next listed public event is HPE Discover Barcelona, scheduled for December 2, 2026, according to Hewlett Packard Enterprise.

Stock reflects a sharper valuation debate

The latest analyst action puts valuation beside HPE's strong AI and networking growth. Investors now have to weigh fiscal third-quarter revenue growth of 33.70 percent against Barclays' lower USD 77.00 target.

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