HP Inc. (HPQ) showed out to be a stock of interest, having displayed a significant amount of activity over the recent period. It has received various changes in evaluations from analysts, with one such observation being made by BofA Securities which raised the Price Target to $35. On the other hand, worries persist as
Jump Financial LLC decreased its stock holdings and
Berkshire Hathaway exited HPQ. Yet, the stock was deemed by many as undervalued and a top dividend stock. A return of 57% over the last five years impressed investors while Q4 and Q1 earnings forecast remained a concern. With 72% of the company owned by
institutional shareholders, they have a big stake riding on the business. Predictably, the stock took a hit due to missed sales goals and soft PC demand. However, the announcement of a
title partnership with Ferrari and prospects of AI optimism reversed the falling trend. The outlook for FY24 remains positive, despite challenges navigated in Fiscal Q1 and Q3. Finally, the hiring of Marie Myers as CFO from Hewlett Packard Enterprise signifies a strategic move to bolster its financial performance.
Hp HPQ News Analytics from Tue, 29 Aug 2023 07:00:00 GMT to Sun, 19 May 2024 11:22:30 GMT -
Rating 2
- Innovation 0
- Information 8
- Rumor -3
