11:07 AM EDT, 06/30/2025 (MT Newswires) -- (Updated to include BofA's commentary)

BofA Securities raised its price target on Hewlett Packard Enterprise ( HPE ) to $23 from $20 it reached a settlement with the US Department of Justice, resolving concerns over its pending takeover of Juniper Networks ( JNPR ) .

The agreement, which still awaits final judge approval, eliminates the need for the previously scheduled July 9 trial, analyst Wamsi Mohan wrote in a Monday note.

While the company has not yet disclosed a potential closing date for the deal, the brokerage believes the company is eager to finalize the transaction as quickly as possible.

The bank sees the acquisition as a key catalyst for long-term earnings growth and multiple expansion, enabling the combined entity to deliver a comprehensive networking and AI infrastructure stack.

Hewlett Packard Enterprise ( HPE ) has an average rating of overweight and mean price target of $20.92, according to analysts polled by FactSet.

Shares of Hewlett Packard ( HPE ) rose 13% in recent Monday mid-day trading.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 20.87, Change: +2.46, Percent Change: +13.34