Aug. 21 at 4:07 PM
Morgan Stanley upgraded Hewlett Packard Enterprise to Overweight from Equal Weight and reaffirmed a positive view on Dell Technologies , noting both are well-positioned for July-quarter results amid strong enterprise hardware spending trends.
HPE target set at
$28, citing Juniper Networks acquisition accretion and multiple expansion potential. DELL target raised to
$144 from
$136, highlighting upside to Q2 estimates, confidence in $ 15B+ AI server revenue target for FY26, and recent share pullback.
Morgan Stanley expects broadly positive results for enterprise hardware makers, driven by robust AI computing/networking spend, stable server demand, and strong PC refresh cycle. Checks show improved enterprise spending in May–June, with distributors/resellers reporting stronger-than-expected growth in PCs, servers, and storage.
$JNPR $DELL $HPE $MS