Evercore cuts Hewlett Packard Enterprise stock to In Line at USD 65.00
Published on 10/13/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Evercore ISI cut Hewlett Packard Enterprise to In Line and kept its USD 65.00 price target on October 12, 2026.
- HPE reported USD 12.21 billion in fiscal third-quarter revenue, up 34.00 percent year over year.
- The stock was at EUR 62.09 at Lang & Schwarz on October 13, 2026 at 12:03 p.m. CEST.
- HPE trades on the NYSE and belongs to the S&P 500.
Hewlett Packard Enterprise (ISIN US42824C1099) was at EUR 62.09 at Lang & Schwarz on October 13, 2026, at 12:03 p.m. CEST. The latest analyst signal came on October 12, when Evercore ISI cut the rating to In Line from Outperform and kept its USD 65.00 price target, according to StockStory. The decision puts valuation ahead of the companys recent operating momentum.
Evercore points to valuation
StockStory reported that the analyst compared HPEs fiscal 2027 earnings multiple of 13 times with an eight-times five-year average. The report also said that networking contributes more than half of segment operating profit, while cloud and artificial intelligence systems carry thinner margins.
The same report said HPEs shares closed at USD 70.30 on the NYSE on October 12, 2026. That level was 4.44 percent below the USD 73.56 52-week high delivered by the finance quote for the same instrument on October 12, 2026.
Three dated HPE milestones
On September 2, 2026, Hewlett Packard Enterprise reported fiscal third-quarter revenue of USD 12.21 billion, up 34.00 percent from the prior-year period.
On September 30, 2026, Hewlett Packard Enterprise announced a USD 1.20 billion order from Vultr for AMD Helios AI systems with HPE Networking technology.
On October 12, 2026, StockStory reported the Evercore ISI downgrade and the unchanged USD 65.00 target.
What does the downgrade change?
The operating figures explain why the rating change is about valuation rather than a reported deterioration in demand. In fiscal third-quarter 2026, HPEs GAAP operating profit margin was 11.40 percent, up from 2.70 percent in the prior-year period, while Networking revenue rose 74.90 percent to USD 2.90 billion, according to Hewlett Packard Enterprise.
That combination leaves investors weighing faster networking growth against the higher valuation cited by Evercore ISI. HPEs fiscal 2026 outlook called for revenue growth of 34.00 percent to 37.00 percent and non-GAAP diluted earnings per share of USD 3.75 to USD 3.85, with the guidance tied to the companys reported outlook rather than to the analyst downgrade.
Upcoming dates carry cash relevance
Hewlett Packard Enterprise scheduled a USD 0.1425-per-share dividend payment for October 16, 2026. The companys homepage lists HPE Discover Barcelona for December 2 to December 3, 2026, giving investors two dated reference points after the rating change.
HPE stock remains near its yearly high
HPEs market capitalization was USD 93.1 billion as of October 12, 2026, while the 52-week range was USD 19.84 to USD 73.56. At EUR 62.09 at Lang & Schwarz on October 13, 2026, at 12:03 p.m. CEST, the German-market indication gives the latest euro perspective on a stock whose NYSE valuation has become the central analyst debate.
The further course of trading is shown by the continuously updated real-time quote of Hewlett Packard Enterprise stock.
HPE stock facts
- Company: Hewlett Packard Enterprise Company
- ISIN: US42824C1099
- Ticker: HPE
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 13, 2026, 12:03 p.m. CEST: EUR 62.09
- Market capitalization: USD 93.1 billion (as of October 12, 2026)
- 52-week range: USD 19.84-73.56 (as of October 12, 2026)
- Sector / Industry: Information Technology / IT Services
- Index membership: S&P 500
Market context: Market report S&P 500.
