Hewlett Packard Enterprise (HPE) Shares Rise Premarket on Citi P

HPE secured a $1.2B order from Vultr for its AMD Helios platform, raising its fiscal 2027 networking revenue-growth outlook to high-teens to low-20%. Shares rose 4%. HPE expects AI networking to drive growth, with margins expanding to mid- to high-20% by fiscal 2027. The company reported record Q3 networking revenue of $2.9B, up 74.9% YoY.

HPE raised its networking segment growth outlook, targeting high-teens to low-20s percent revenue growth for fiscal 2027, up from 14-17%. The company also announced a $1.2 billion order from Vultr for AMD Helios AI systems. HPE updated its Juniper Networks acquisition synergy goal to $800 million in annual savings by fiscal 2028. The Vultr deal involves AMD's AI hardware and HPE's networking equipment, reflecting strong AI infrastructure demand.

Citi raised its price target on HPE after the company's investor event and improved fiscal 2027 outlook, surprising investors. Shares rose 1.4% in premarket trading.

HPE raised its FY networking sales outlook to high teens to low 20s% and increased its cost synergy target from Juniper acquisition to $800M in ARR savings by FY28, up from $600M.

Piper Sandler raised its price target for Hewlett Packard Enterprise to $70 from $57, maintaining a neutral rating. The stock closed at $63.89, up 3.90%, with a pre-market increase of 1.61%. The adjustment is based on valuation and earnings per share revisions.

Citigroup raised its price target for Hewlett Packard Enterprise to $92 from $76, maintaining a Buy rating. The company's stock closed at $63.89, up 3.90%, and pre-market trading showed a 1.61% increase.