HP
HPQ

$33.82

1.69%

Market Cap: $32.6B

About: HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

Employees: 58,000

Information Technology Computer & Office Equipment

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

85% more call options, than puts

Call options by funds: $644M | Put options by funds: $349M

80% more first-time investments, than exits

New positions opened: 155 | Existing positions closed: 86

67% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 10 (+4) [Q2]

28% more repeat investments, than reductions

Existing positions increased: 439 | Existing positions reduced: 344

16% more capital invested

Capital invested by funds: $22.9B [Q1] → $26.5B (+$3.56B) [Q2]

6% more funds holding

Funds holding: 1,065 [Q1] → 1,134 (+69) [Q2]

0.34% less ownership

Funds ownership: 77.65% [Q1] → 77.31% (-0.34%) [Q2]

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$32

5%

downside

Avg. target

$35

5%

upside

High target

$37

9%

upside

5 analyst ratings

0 positive

0%

5 neutral

100%

0 negative

0%

Loop Capital Ananda Baruah 43% 1-year accuracy 6 / 14 met price target	3%upside $35	Hold Maintained	5 Sept 2024
Morgan Stanley Erik Woodring 59% 1-year accuracy 19 / 32 met price target	6%upside $36	Equal-Weight Maintained	29 Aug 2024
Barclays Tim Long 65% 1-year accuracy 26 / 40 met price target	5%downside $32	Equal-Weight Maintained	29 Aug 2024
UBS David Vogt 50% 1-year accuracy 6 / 12 met price target	9%upside $37	Neutral Maintained	29 Aug 2024
Morgan Stanley Erik Woodring 59% 1-year accuracy 19 / 32 met price target	9%upside $37	Equal-Weight Downgraded	19 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 33 articles about HPQ published over the past 30 days

HP (HPQ) vs HP Enterprise (HPE): which is a better stock to buy?

HP Inc. (HPQ) and HP Enterprise (HPE) stocks have had mixed returns since the two companies separated in 2015. HPQ stock has jumped by over 263% while HPE has risen by 159% in the same period.

HP (HPQ) vs HP Enterprise (HPE): which is a better stock to buy?

Bloomberg Technology

HP to Pursue $4B Damages After Mike Lynch Yacht Death

HPE says it intends to pursue the $4 billion damages claim in London against the estate of the recently deceased British tech tycoon Mike Lynch. Bloomberg's Jonathan Browning joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.

HP to Pursue $4B Damages After Mike Lynch Yacht Death

HP to continue $4B damages case against Mike Lynch, who died when his yacht sank off Italian coast

Hewlett Packard (HPE.N), opens new tab said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

HP to continue $4B damages case against Mike Lynch, who died when his yacht sank off Italian coast

HP to continue $4 billion damages case against Mike Lynch

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

HP to continue $4 billion damages case against Mike Lynch

The Motley Fool

Why HP Rallied Today, Despite an Earnings Miss

HP rallied in spite of a bottom-line miss and lowered earnings outlook for the year. However, the weakness seems entirely concentrated in the declining printing segment.

Why HP Rallied Today, Despite an Earnings Miss

HP Inc. Q3: Inventory Doesn't Lie (Rating Downgrade)

I previously rated HPQ as a BUY due to the status of the cycle and its attractive P/E ratio. I downgrade HPQ's rating to HOLD. The downgrade is due to the valuation expansion (its stock prices rallied 30%+ since my last writing) and the changes in its business fundamentals as reported in its Q3 earnings.

HP Inc. Q3: Inventory Doesn't Lie (Rating Downgrade)

Zacks Investment Research

Here's What Key Metrics Tell Us About HP (HPQ) Q3 Earnings

While the top- and bottom-line numbers for HP (HPQ) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About HP (HPQ) Q3 Earnings

Zacks Investment Research

HPQ Q3 Earnings Miss: Will Weak FY24 View Drag Down Shares?

HP's Q3 results reflect the negative impacts of rising commodity costs, competitive pressure and weakness of its business in China.

HPQ Q3 Earnings Miss: Will Weak FY24 View Drag Down Shares?

Proactive Investors

HP stock drops on forecast downgrade

HP Inc (NYSE:HPQ) shares started trading lower on Thursday after a mixed showing in its third-quarter results. Revenue increased 2.4% year-over-year, to $13.52 billion, compared to a consensus Wall Street forecast of $13.37 billion.

HP stock drops on forecast downgrade

HP Shaves Full-Year Profit Outlook Even as Sales Beat Expectations. The Stock Is Down.

This was the first earnings report since HP started shipping AI PCs in June.

HP Shaves Full-Year Profit Outlook Even as Sales Beat Expectations. The Stock Is Down.

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