HP (HPQ) Stock Forecast & Price Target

HP
Bear Case

Investors should be bearish about investing in HP Inc. for these reasons:

• Despite recent positive developments, the consensus rating from analysts is "Reduce," with an average price target of $25.17, which is significantly below the current stock price of $32.66, suggesting that many analysts believe the stock is overvalued and may face downward pressure in the future.
• Insider selling has been notable, with David P. McQuarrie selling 21,048 shares at an average price of $29.98 in August 2026, and other insiders also reducing their holdings, which could signal a lack of confidence from those with the most direct knowledge of the company's operations and prospects.
• HP Inc. has a negative return on equity of 947.78%, which indicates that the company is not efficiently using its equity to generate profits, and this could be a concern for investors who are focused on the company's financial health and long-term sustainability.
• The company's short interest has been increasing, with 81,142,372 shares shorted as of August 2026, representing 8.89% of the float, which suggests that a significant number of investors are betting against the stock and could contribute to downward price pressure if the short interest continues to rise.
• HP Inc. faces intense competition in the personal computing and printing markets, and the company's ability to maintain its market share and profitability in the face of new entrants and technological changes, such as the rapid evolution of AI, remains uncertain and could impact its future growth and earnings.