Wells Fargo Maintains Hold on Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 10 Best Stocks to Buy According to Elliott Investment Management.

On February 19, 2026, Wells Fargo analyst Aaron Rakers reiterated a Hold rating on Hewlett Packard Enterprise Company (NYSE:HPE) with a price target of $26.00. On the same day, JPMorgan analyst Samik Chatterjee kept an Overweight rating on the stock and lowered its price target from $30 to $27. According to the firm, the investor sentiment for the hardware and networking sector remains challenging. The firm expects a robust near-term performance due to pull-forward demand. At the same time, it also anticipates a potentially muted growth in share price compared to prior periods.

In another development, on January 26, 2026, Hewlett Packard Enterprise Company (NYSE:HPE) announced a strategic collaboration with 2degrees to develop a sovereign, private AI platform in New Zealand. Utilizing HPE Private Cloud AI co-developed with NVIDIA, the AI factory architecture will allow 2degrees to optimize its network and operation automations. Hewlett Packard Enterprise Company (NYSE:HPE)’s Managing Director in New Zealand gave the following statement.

By deploying HPE’s turnkey AI factory, 2degrees is setting a benchmark for how New Zealand organizations can use AI responsibly — accelerating transformation while maintaining full control over their data.

Formed in 2015 following its split from Hewlett-Packard Company, Hewlett-Packard Enterprise Company (NYSE:HPE) is a global leader in edge-to-cloud platform solutions with headquarters in Texas.

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