JPMorgan Chase & Co. Raises HP (NYSE:HPQ) Price Target to $26.00

Key Points

• JPMorgan raised its price target on HP from $22 to $26 while keeping a neutral rating, implying about 4.3% upside from the current stock price.
• HP’s latest quarter beat expectations, reporting $0.86 EPS versus $0.72 expected and $14.41 billion in revenue versus $13.99 billion expected, with revenue up 9% year over year.
• Despite the upbeat quarter, analysts remain cautious overall: the stock still has a consensus “Reduce” rating and a consensus price target of $22.17, reflecting ongoing concerns about margins, memory costs, and PC demand.

HP (NYSE:HPQ - Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from $22.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the computer maker's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 4.32% from the stock's current price.

HPQ has been the subject of several other reports. Barclays boosted their price objective on shares of HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday. TD Cowen boosted their price objective on shares of HP from $20.00 to $26.00 and gave the company a "hold" rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Citigroup reissued a "neutral" rating on shares of HP in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, HP has a consensus rating of "Reduce" and a consensus price target of $22.17.

HP Price Performance

HPQ traded down $0.57 during trading on Thursday, hitting $24.92. The company's stock had a trading volume of 26,771,655 shares, compared to its average volume of 19,230,672. The firm's 50 day moving average price is $20.29 and its 200-day moving average price is $21.11. The stock has a market cap of $22.79 billion, a PE ratio of 9.44, a PEG ratio of 6.75 and a beta of 1.09. HP has a twelve month low of $17.56 and a twelve month high of $29.55.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company had revenue of $14.41 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the previous year, the company earned $0.71 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts anticipate that HP will post 2.85 earnings per share for the current year.

Institutional Trading of HP

Institutional investors have recently added to or reduced their stakes in the business. Caitlin John LLC purchased a new stake in HP during the 3rd quarter worth $30,000. Garner Asset Management Corp purchased a new stake in HP during the 4th quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in HP during the 4th quarter worth $26,000. SHP Wealth Management purchased a new stake in HP during the 4th quarter worth $26,000. Finally, Union Savings Bank acquired a new position in HP in the 4th quarter worth $28,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat Q2 earnings and revenue estimates, showing better-than-expected execution and continued top-line growth. HPQ's Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Revenue rose 9% year over year, with Personal Systems sales increasing and AI PC demand providing a lift to the quarter. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: Analysts are still reassessing HP’s fair value and margin outlook as memory costs, PC demand, and execution risks remain in focus. How The HP (HPQ) Story Is Shifting As Analysts Reassess Memory And PC Risks
• Negative Sentiment: HP trimmed its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, citing rising memory costs and softer unit demand, which is pressuring investor sentiment. HP beats q2 estimates but trims full-year outlook on memory cost pressure
• Negative Sentiment: Brokerage updates remain cautious, with Bank of America and Morgan Stanley both keeping bearish ratings despite slightly higher price targets, reinforcing concerns about HP’s longer-term earnings outlook. Analyst price target updates

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.

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