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HPE stock hits 52-week high, Morgan Stanley upgrades to "Overweight" with a $69 price target
Hewlett Packard Enterprise (HPE) stock closed at a 52-week high of $58.79 on Wednesday (August 12), and further rose by 4.38% to $61.37 after opening on Thursday (August 13). Morgan Stanley upgraded HPE's rating to "Overweight" on the same day, setting a target price of $69, with analysts noting that the AI boom has driven hardware demand. HPE has cumulatively risen by 159% year-to-date.
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