Hewlett Packard Enterprise stock has had a pretty good week.

The information technology company delivered strong long-term targets at its investor day Wednesday, pointing to massive demand for artificial intelligence and data-center infrastructure. The positive guidance came after a wave of new price targets and major server contract wins.

That momentum fueled this week's rally, with shares up 9.2% and on pace to have their best week since Sept. 11. HPE stock gained 6.9% to $68.99 on Friday, with shares on pace to close at a record high, according to Dow Jones Market Data. The stock has risen 186% this year.

Daiwa Capital Markets analyst Louis Miscioscia wrote Friday that HPE is in "the right place at the right time" with its solid infrastructure solutions in servers, networking and storage. The firm upgraded the stock to Outperform from Neutral and raised their price target to $75 from $65.

Miscioscia pointed to HPE's acquisition of Juniper Networks, a deal that officially closed last July for $14 billion in cash. The transaction doubled the size of HPE's networking division, adding Juniper's routing and cloud networking expertise to strengthen HPE's cloud infrastructure.

Integrating Juniper Networks pivots HPE into a high-growth networking giant, expanding multi-year revenue growth from 5% and 7% to the high teens in fiscal 2026 and 2029, led by data center networking growing over 50%.

HPE projects margins to expand into the mid to high 20% range, driven by better product sales and $800 million in cost synergies from the Juniper merger.

The firm cited value in HPE's major wins with cloud providers, including a $1.2 billion deal with Vultr to supply AMD Helios server racks for deployment across U.S. data centers. Other recent contracts include a partnership with Oracle Cloud and over $3 billion in total AI networking orders. These deals position HPE as a winning key business and strong competitor in the booming AI infrastructure space.

Adding to the bullish sentiment, Susquehanna raised its price target on HPE stock to $70 from $40 while maintaining a Neutral rating. The firm cited HPE's bullish network networking investor day, updated guidance, and the major Helios order as key positive catalysts.

Others on Wall Street have taken a similar bullish stance on HPE stock. The average rating on HPE stock is Overweight with a $73.11 price target, according to the 27 analysts polled by FactSet. Just last month, nearly 12 research firms raised their price targets on the stock.