Apr. 13 at 9:52 AM
Raymond James downgraded Hewlett Packard Enterprise (
$HPE) to Outperform from Strong Buy, while slightly lowering its price target to
$29 from
$30. The firm still views the stock as an attractive value opportunity with meaningful upside potential. However, reduced visibility on growth and catalysts led to the rating adjustment. The report notes HPE’s strategic shift toward prioritizing AI-related profitability over market share, which supports margins but moderates growth. The Networking segment remains a potential upside driver, though weakness in the campus sub-segment continues to weigh on overall expansion. Model refinements were made to reflect segment-level dynamics.
