Argus Research Reiterates Buy on Hewlett Packard, Maintains $70 Price Target
Argus Research analyst Jim Kelleher reiterates Hewlett Packard (NYSE:HPE) with a Buy and maintains $70 price target.
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Citigroup Maintains Buy on Hewlett Packard, Raises Price Target to $76
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Stock Market News for Sep 4, 2026
U.S. stock markets rose on Thursday as Treasury yields declined globally, easing Fed rate hike concerns. The Dow Jones gained 1.2%, Nasdaq Composite advanced 1.4%, and S&P 500 rose 1.1%. Strong earnings from Snowflake and Hewlett Packard Enterprise drove gains, though economic data showed mixed signals with initial jobless claims rising slightly and the trade deficit exceeding expectations.
Could Dell Be the Next Magnificent Seven Stock?
Dell Technologies has transformed from a mature PC company into a primary beneficiary of AI infrastructure buildout, reporting 58% revenue growth and 203% earnings surge. With a $95 billion AI server backlog and raised fiscal 2027 guidance, Dell is growing at rates comparable to younger tech giants, though it still lacks the market cap and margins of Magnificent Seven members. HPE's similarly strong results confirm the broader AI infrastructure cycle remains robust.
Raymond James Maintains Outperform on Hewlett Packard, Raises Price Target to $86
Raymond James analyst Simon Leopold maintains Hewlett Packard (NYSE:HPE) with a Outperform and raises the price target from $74 to $86.