HP Enterprise price target raised to $27 from $25 at Goldman Sachs

Goldman Sachs raised the firm’s price target on HP Enterprise (HPE) to $27 from $25 and keeps a Neutral rating on the shares. The increase in the firm’s target multiple reflects Goldman’s increased confidence in the company’s Networking growth outlook following the acquisition of Juniper and its momentum in data center switching, the analyst tells investors in a research note. At the upcoming Security Analyst Meeting on October 15th, Goldman believes HP will guide FY26 revenue growth of 5%-7% and EPS of $2.30-2.40, the firm added.