Bernstein SocGen Group raised its Hewlett Packard Enterprise (HPE) price target to $35 from $21. The firm maintained its Market Perform rating on the shares.
Analysts expect agentic AI workloads to drive a surge in demand for traditional, CPU-intensive servers. This shift provides significant upside for server original equipment manufacturers.
Bernstein identifies HPE as well-positioned to capture market share within enterprise and sovereign accounts. The stock climbed nearly 65% in the six months leading up to the price target revision.