Movement Alert|Hewlett Packard Enterprise Rises 3.1% in Pre-Market Trading, Multiple Investment Banks Upgrade Amid Favorable Earnings Expectations Gap

Market Focus08-27 17:07

On August 27, Hewlett Packard Enterprise rose 3.1% in pre-market trading, trading at $56.94/share, with turnover of $933,000.

On the news front, JPMorgan recently raised its price target on Hewlett Packard Enterprise from $68 to $70, maintaining an overweight rating. Meanwhile, Morgan Stanley previously upgraded the stock to overweight, noting that compared to Dell, HP, and NetApp — which face elevated buyside earnings expectations — Hewlett Packard Enterprise holds a more favorable expectations gap heading into the upcoming earnings season. The company is scheduled to report fiscal Q3 results on September 2, with consensus EPS estimates at $0.81.

At the industry level, the Technology Hardware, Storage & Peripherals sector showed broad strength, with SanDisk up 4.98%, Seagate Technology up 4.33%, Western Digital up 3.51%, and Dell Technologies up 2.14%, reinforcing positive market sentiment through sector-wide momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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