Add as a preferred source on GoogleHPE Shares Fall 7.1% in Second Session After Barclays Downgrade
Hewlett Packard Enterprise closed at $58.63 Thursday after falling 8.28% in the prior session. Barclays cut its price target to $77 from $83.
Hewlett Packard Enterprise (HPE) shares fell 7.1% Thursday, Oct. 15, closing at $58.63 at 4 p.m. ET (20:00 UTC). The stock dropped 8.28% in the prior session, closing at $63.11.
On Wednesday, Barclays analyst Tim Long lowered HPE to Equal Weight from Overweight and cut the price target to $77 from $83. The downgrade was part of Barclays’ rating changes across HPE, Dell and NetApp. Barclays cited valuation and questions about enterprise AI growth. Long wrote, “We see less upside as memory prices normalize.” Barclays left its financial forecasts unchanged.
HPE’s latest reported quarter ended July 31. Revenue rose 34% year over year to $12.2 billion, while networking revenue increased 74.9% to $2.9 billion. The company raised its fiscal 2026 revenue-growth outlook to 34%–37%.