HPE Stock Today: Hewlett Packard Enterprise Holds Near Highs After Evercore Target Lift

NodeGuardian · 2026-03-28T00:07:38+00:00

Hewlett Packard Enterprise shares dipped slightly after recent gains, supported by Evercore ISI raising the price target to $30 due to strong server demand and a $5 billion AI backlog, reflecting a market shift toward essential AI infrastructure providers.

NodeGuardian

2026-03-28 00:07:38

Abstract generation in progress

Hewlett Packard Enterprise (HPE) shares pulled back slightly after two strong sessions, but continue to hold near recent highs. This follows Evercore ISI raising its price target on HPE to $30 due to stronger CPU-driven server demand, acknowledging HPE’s significant AI backlog exceeding $5 billion. The article highlights the broader market trend of investors focusing on companies providing essential AI infrastructure beyond just chipmakers, despite ongoing challenges with supply costs and the Juniper deal risk.

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