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Jun 1, 2026 8:00 AM

Hewlett Packard Stock Hits 52-Week High - Here's Why

Hewlett Packard Enterprise Company (NYSE:HPE) stock surged more than 7% in Monday’s premarket session as investors extended the stock’s breakout rally ahead of the company’s second-quarter earnings report due after the closing bell.

The move comes as HPE trades above its previous 52-week high, outperforming a modestly positive broader market.

Hewlett Packard Earnings Preview: Next Report Date And Analyst Estimates

The company will release its second-quarter results after market close on Monday, June 1.

Analysts expect the Spring, Texas-based company to report quarterly earnings of 54 cents per share, up 42.11% year-n-year. The consensus estimate for Hewlett Packard’s quarterly revenue is $9.82 billion, representing growth of about 28.7% from the year-ago quarter.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $32.00. Recent analyst moves include:

Morgan Stanley: Equal-Weight (Raises forecast to $33.00) (May 21)

Citigroup: Buy (Raises forecast to $39.00) (May 14)

Raymond James: Downgraded to Outperform (Lowers forecast to $29.00) (April 13)

NVIDIA Vera-Powered Server For Agentic AI Workloads

Separately, Hewlett Packard on Monday unveiled the HPE ProLiant ...