Barclays raises HPE stock target to USD 83 after Vultr order

Published on 10/07/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPE stock costs EUR 62.70 on October 7, 2026 versus EUR 63.21. Revenue in third quarter was USD 12.21 billion, up 33.70 percent year over year.

Makro-Detailaufnahme eines Serverprozessors auf Leiterplatte, HPE-Aktie US42824C1099 — Hewlett Packard Enterprise US42824C1099 Makroaufnahme eines Serverprozessor-Chips auf grüner Leiterplatte mit goldenen Leiterbahnen, Illustration mit AI erstellt.

Hewlett Packard Enterprise (US42824C1099) was trading at EUR 62.70 at Lang & Schwarz on October 7, 2026 at 3:31 p.m. CEST, while its latest corporate developments combine a USD 1.2 billion AI infrastructure order with a higher analyst target. According to Yahoo Finance on October 1, 2026, Barclays raised its target from USD 79.00 to USD 83.00 and kept an Overweight rating.

AI order adds a new demand test

HPE secured its first AMD Helios order in a USD 1.2 billion deal with Vultr on September 30, 2026, according to the HPE newsroom. The order covers AMD Helios AI rack systems for deployment across Vultr data centers, tying HPE's networking portfolio to a concrete customer commitment.

The order matters because supply, rather than demand, has become the immediate operating constraint. Yahoo Finance reported that HPE executives described the business as supply-constrained heading into the next fiscal year, even as constraints are expected to ease.

Revenue growth supports the target increase

HPE reported USD 12.21 billion of revenue in fiscal third quarter 2026, up 33.70 percent year over year, according to MarketBeat. Adjusted earnings per share reached USD 1.11, exceeding the USD 0.93 consensus estimate by USD 0.18, while revenue topped the USD 11.97 billion estimate by USD 0.24 billion.

The operating picture is broadening beyond servers. Networking revenue reached USD 2.89 billion in fiscal third quarter 2026, an increase of 74.90 percent year over year, and the company raised its fiscal 2026 revenue-growth outlook to 34.00 percent to 37.00 percent, according to Yahoo Finance. That combination gives Barclays a stronger basis for its USD 83.00 target, but the supply constraint leaves execution as the key counter-factor.

Stock trades below the US high

On the NYSE, HPE was last at USD 71.04 on October 7, 2026 at 9:33 a.m. EDT, with a USD 19.84 to USD 71.22 52-week range and a market capitalization of USD 94.1 billion. The euro quotation was EUR 62.70 at Lang & Schwarz on October 7, 2026 at 3:31 p.m. CEST, down 0.81 percent versus the EUR 63.21 prior close on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Hewlett Packard Enterprise stock.