HP (NYSE:HPQ) Stock Price Expected to Rise, Bank of America Analyst Says

HP (NYSE:HPQ) had its target price raised by analysts at Bank of America from $16.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the computer maker’s stock. Bank of America‘s price objective would indicate a potential downside of 29.56% from the company’s previous close.

Several other analysts have also recently commented on the stock. UBS Group decreased their price target on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $20.00 target price on shares of HP in a research note on Thursday. The Goldman Sachs Group reduced their price target on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Finally, Evercore set a $22.00 price objective on shares of HP in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $22.08.

HP Stock Performance

HP stock opened at $25.55 on Thursday. The firm has a market capitalization of $23.37 billion, a PE ratio of 9.68, a PEG ratio of 6.75 and a beta of 1.09. The business’s 50-day simple moving average is $20.29 and its 200-day simple moving average is $21.11. HP has a 52 week low of $17.56 and a 52 week high of $29.55.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the company earned $0.71 EPS. HP’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts forecast that HP will post 2.85 earnings per share for the current year.

Hedge Funds Weigh In On HP

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. State Street Corp boosted its position in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC boosted its position in HP by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares during the last quarter. Invesco Ltd. grew its stake in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after purchasing an additional 4,542,339 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP News Roundup

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat estimates with Q2 non-GAAP EPS of $0.86 and revenue of $14.4 billion, helped by strong demand for AI-optimized PCs and the Windows 11 refresh cycle. Reuters article
• Positive Sentiment: HP also reported improved cash generation, including $0.8 billion in free cash flow, and returned $374 million to shareholders through dividends and buybacks. HP press release

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.