HP Inc. (HPQ) experienced a turbulent period, with the company's fourth quarter results and future outlook eliciting mixed responses. Goldman Sachs and TD Securities raised their price targets on the basis of
strong print performance and
AI growth prospects, but HP's stock faltered after earnings report, with Coast pointing out that the PC market recovery is not yet assured. Despite numerous challenges, HP reported mixed FY24 results, with
$53.6B revenue and a
5% dividend raise. Notwithstanding, the firm fell short of Q4 earnings and revenue forecasts. The company's earnings call highlighted strong revenue growth and market share gains, however, weak guidance led to an initial stock drop. AI PCs are anticipated to drive growth in 2025, but experts see HP's stock as a 'show me' story due to ongoing margin pressures. Certain investment firms have reduced their HP holdings, whereas others have increased. Investors are advised to watch HP's key metrics ahead of earnings and to monitor the stock’s behavior vis-à-vis market movements.
Hp HPQ News Analytics from Fri, 28 Jun 2024 07:00:00 GMT to Sat, 30 Nov 2024 23:07:52 GMT -
Rating 0
- Innovation -5
- Information 5
- Rumor -2
