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Benzinga
Benzinga
Business
Priya Nigam

HPE's Networking Weakness Overshadows AI Growth As 2026 Outlook Disappoints

HPE HP Hewlett Packard Hewlett Packard Enterprise Hewlett Packard Enterprise Co JPMorgan Samik Chatterjee
Analyst

Tech companies are increasingly under pressure to balance growth expectations with realistic earnings forecasts as market conditions evolve.  While Hewlett Packard Enterprise Co's (NYSE:HPE) TAM (total addressable market) outlook for the next three years highlights mid-teens underlying growth, the fiscal 2026 guidance disappointed investors due to "lower Networking revenue driving a muted earnings outlook," according to JPMorgan.

The Hewlett Packard Enterprise Analyst: Analyst Samik Chatterjee reiterated an Overweight rating and price target of $30.

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