On September 23, Hewlett Packard Enterprise rose 3.41% in regular trading, trading at $63.07/share, with turnover of $1.46 billion. The stock continued its recovery trajectory after a sharp selloff earlier this month, supported by robust AI-related order fundamentals.

HPE had plunged nearly 11% to $55.41 in a single session after Evercore ISI downgraded the stock from Outperform to In Line and CEO Antonio Neri sold 250,000 shares at an average price of $60.44. Wells Fargo also cut its target price sharply from $67 to $54. Since the selloff, the stock has staged a sustained rebound as valuation appeal drew buyers back in.

Underpinning the recovery, Morgan Stanley highlighted HPE's strong fiscal Q3 results — adjusted EPS of $1.11 versus estimates of $0.93, revenue of $12.21 billion — along with a 36% rise in networking orders, a 75% jump in traditional server orders, and an AI systems backlog of approximately $7 billion. BofA noted upward bias in fiscal 2027 estimates, while Goldman Sachs maintained a Buy rating with a $75 target price. Additionally, a multi-year Oracle partnership deploying HPE Juniper networking for AI infrastructure further reinforced the company's competitive positioning.

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