Daiwa Securities upgrades HPE from Neutral to Outperform with $75 target
What happened
Daiwa Securities Group upgraded Hewlett Packard Enterprise from a 'neutral' rating to 'outperform' in a research report issued Friday, Oct. 2, with a $75.00 price target implying about 16% upside from the stock's previous close, per Briefing.com via MarketBeat. The upgrade follows a wave of bullish Street revisions this week after HPE's $1.2B Vultr order for AMD Helios AI racks.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Hewlett Packard Enterprise (HPE) directly — upgrade from Neutral to Outperform with $75 target implying ~16% upside. Positive read-through for AI-server/infrastructure peers (Dell, Super Micro) and the AI-networking trade, plus AMD given the Helios rack partnership.
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