Evaluating Hewlett Packard Enterprise’s Valuation as AI, Networking Growth and Juniper Deal Lift 2026 Outlook

Hewlett Packard Enterprise (HPE) just delivered an earnings update that put its AI and networking pivot front and center, combining stronger non GAAP profitability, hefty new AI system orders, and a higher 2026 earnings outlook.

See our latest analysis for Hewlett Packard Enterprise.

The latest earnings beat and upbeat 2026 guidance have added fuel to a trend that was already positive, with a 17.65% year to date share price return and a powerful 139.37% five year total shareholder return suggesting momentum is still building rather than fading.

If HPE’s AI and networking push has caught your eye, it is worth seeing what else is heating up in the sector by exploring high growth tech and AI stocks.

Yet with shares already up strongly and trading only slightly below Wall Street targets, but still at a sizable discount to some intrinsic value estimates, investors face a key question: is HPE a buy here, or is future growth already priced in?

Most Popular Narrative: 3.9% Undervalued

With Hewlett Packard Enterprise closing at $25.26 against a narrative fair value of $26.28, the story leans modestly positive while hinging on ambitious growth drivers.

The analysts have a consensus price target of $25.514 for Hewlett Packard Enterprise based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $30.0, and the most bearish reporting a price target of just $19.0.

Read the complete narrative.

Curious how rising margins, faster recurring revenue, and a richer future multiple all fit together, and still yield only a modest upside? The growth math underneath this valuation might surprise you.

Result: Fair Value of $26.28 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, softer non AI hardware demand and potential integration missteps with Juniper could stall margin expansion and undermine the current undervaluation case.

Find out about the key risks to this Hewlett Packard Enterprise narrative.

Build Your Own Hewlett Packard Enterprise Narrative

If this view does not fully reflect your own, or you prefer hands on research, you can build a personalized narrative in minutes: Do it your way.

A great starting point for your Hewlett Packard Enterprise research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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