HP (NYSE:HPQ) Price Target Raised to $29.00

Key Points

• UBS Group raised their target price for HP's stock from $26.00 to $29.00, reflecting a potential upside of 3.25% from its previous close.
• HP's stock has seen varied ratings from analysts; two analysts rated it as a Buy, while thirteen rated it Hold, indicating mixed sentiment in the market.
• The company reported quarterly earnings of $0.75 per share, meeting expectations, with revenues of $13.93 billion, which is an increase of 3.1% compared to the previous year.

HP (NYSE:HPQ - Get Free Report) had its target price lifted by research analysts at UBS Group from $26.00 to $29.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the computer maker's stock. UBS Group's target price points to a potential upside of 3.25% from the stock's previous close.

HPQ has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of HP from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, May 29th. KGI Securities assumed coverage on shares of HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. Morgan Stanley lowered their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company lowered their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Finally, Bank of America lowered their target price on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $29.79.

HP Stock Performance

Shares of HPQ stock opened at $28.09 on Thursday. The stock has a market capitalization of $26.38 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The company has a 50 day moving average price of $25.59 and a 200 day moving average price of $26.88. HP has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts forecast that HP will post 3.56 EPS for the current fiscal year.

Institutional Trading of HP

A number of large investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in HP during the 1st quarter worth $25,000. Laurel Wealth Advisors LLC raised its position in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker's stock worth $26,000 after buying an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in HP during the 2nd quarter worth $27,000. Global Trust Asset Management LLC raised its position in HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock worth $29,000 after buying an additional 1,000 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker's stock worth $30,000 after buying an additional 512 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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