Hpe stock price forecast resilient demand from public sector

Resilient demand from public sector contracts is becoming a buffer in the "HPE stock price forecast", ensuring stable revenue streams through cyclical downturns. The rising adoption of Aruba Networking by organizations worldwide can be credited to the ongoing enhancements that HPE is continuously making to improve the solution's capabilities.  So far this year, HPE added two new features to Aruba Networking. This helped push the company’s backlog, a measure of orders received but not filled, to $14.4 billion. Dell expects to ship more than $15 billion worth of AI servers in fiscal 2026. This massive uptick in AI server orders was a big reason that analysts at JPMorgan substantially increased their price target. On a valuation basis, the "HPE stock price forecast" shows a forward P/E near 8.9, which is below the broader tech sector average, offering relative upside potential for value investors.