Hewlett Packard Enterprise Rises 3% in Pre-Market Trading, Morgan Stanley Upgrades IT Hardware Sector and Names HPE as Top Pick

Market Focus

Aug 13

On August 13, Hewlett Packard Enterprise rose 3.1% in pre-market trading, trading at $60.6 per share.

On the news front, Morgan Stanley recently upgraded its IT hardware sector rating and specifically named HPE as a favored pick, citing further upside in earnings estimates for hardware stocks, particularly server and storage equipment vendors. The firm's analysts noted that surging memory chip prices are creating a \"fear of missing out\" dynamic among enterprise buyers, accelerating server and storage procurement to lock in prices and avoid supply shortages. AI-related capacity expansion is driving server and storage growth to historically elevated levels.

The upgrade builds on Morgan Stanley's August 10 decision to raise HPE's individual rating from Equalweight to Overweight with a $69 price target. Goldman Sachs simultaneously maintained its Buy rating with a $75 target, while Citigroup previously raised its target to $74, citing strong AI infrastructure demand. Peer Dell Technologies also rose 3.29% in pre-market trading, with the broader AI hardware sector extending its momentum. Additionally, Lenovo's strong earnings results further boosted sentiment across AI server suppliers.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p><p style=\"text-align: left;\"></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HPE","symbol_name":"慧与科技","start_time":0,"source_url":"","article_id":"1142911931","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142911931","pubTimestamp":1786612542,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 13, Hewlett Packard Enterprise rose 3.1% in pre-market trading, trading at $60.5 per share, with turnover of approximately $4.15 million.On the news front, Morgan Stanley recently upgraded...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HPE":"慧与科技"},"translate_title":"慧与盘前交易上涨 3%，摩根士丹利升级 IT 硬件板块并将 HPE 列为首选","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/68426e306dc0779613293008525ae5ad","symbols_score_info":{"HPE":1},"content_text":"On August 13, Hewlett Packard Enterprise rose 3.1% in pre-market trading, trading at $60.6 per share.On the news front, Morgan Stanley recently upgraded its IT hardware sector rating and specifically named HPE as a favored pick, citing further upside in earnings estimates for hardware stocks, particularly server and storage equipment vendors. 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