Raymond James Adjusts HPE Rating to Outperform, Lowers Price Target

Apr 13, 2026 12:44 UTC

HPE

Short term

Analyst Raymond James has downgraded Hewlett Packard Enterprise from Strong Buy to Outperform. The firm also slightly reduced its price target for the stock to $29.

Rating downgraded from Strong Buy to Outperform
Price target reduced from $30 to $29
HPE shares fell approximately 1% in premarket trading
Analyst maintains view of significant upside for the stock

Raymond James has revised its outlook on Hewlett Packard Enterprise (HPE), shifting the company's rating from a Strong Buy to Outperform. This adjustment indicates a slight reduction in conviction regarding the stock's immediate growth trajectory. The rating change was accompanied by a modest reduction in the firm's price target, which was lowered from $30 to $29. Despite the downgrade in rating, the analyst maintains a positive overall stance on the company's valuation. In premarket trading on Monday, HPE shares responded to the news with a slight decline of approximately 1%. The market reaction suggests that the adjustment was largely expected or viewed as a minor calibration by investors. The firm noted that it continues to see significant upside for the shares, suggesting that the move to Outperform does not signal a bearish pivot, but rather a more measured expectation of future gains within the enterprise technology sector.