HP Inc. (NYSE:HPQ) has seen several significant changes recently. Unfortunately, capital allocation trends presently aren't viewed as ideal. Stake was reduced by Lake Street Advisors Group LLC, while Evercore ISI Group upgraded the company. Notably, Tuan Tran was appointed as President of Technology and Innovation. Despite suffering a larger drop than the general market, HP is seen by David Einhorn as an undervalued AI opportunity. Shares were purchased by Cullinan Associates Inc., and the company is bullish amongst institutional owners, who control a majority stake. HP outperforms the broader market thanks to its AI-PC focus. However, some analysts downgrade the company as expectations for the AI PC cycle fade. On the upside, the company is poised for recovery as AI PCs gain traction and the stock is viewed as a top value stock for the long term. Corporate shifts, such as the appointment of Karen Parkhill as CFO and partnerships like Ferrari and CoreTechnologie, and acquisitions, including Vyopta, are noteworthy. Despite an earnings miss, HP's stock rose 6.7% post earnings report. The company's intrinsic value is potentially 44% above its share price.
Hp HPQ News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 26 Oct 2024 11:00:17 GMT -
Rating 2
- Innovation 6
- Information 4
- Rumor -2
