HP Inc Stock Forecast:
The average analyst target price for HP Inc over the next 12 months is USD 29.31, and the average analyst rating is Hold. Stock Target Advisor’s analysis of HP Inc is Bullish, based on 10 positive signals and 2 negative signals. At the last closing, HP Inc’s stock price was USD 29.82, which is a 1.81% increase over the past week, a 5.33% increase over the past month, and a 20.42% decrease over the last year.
Analysts Coverage Change:
JP Morgan Chase & Co. Upgrades HP Inc. to an “Overweight” rating and raises the price target to $35 from $30 on the company’s stock.
Positive Fundamentals:
HP Inc stock has a high market capitalization, superior risk adjusted and total returns, high dividend returns, superior capital utilization and return on assets, positive cash flow and free cash flow, superior dividend growth, and a high gross profit to asset ratio. Overall, it is a stable and high-performing stock that may be a good buy for investors seeking high income yields and long-term returns.
Negative Fundamentals:
Investors are wary of HP Inc. stock due to its high valuation on both cash flow and free cash flow basis. The stock is priced higher than its peers in the same sectors, which could indicate that it may be overpriced. Caution is advised for those considering purchasing HP Inc. stock.
FA Score (Fundamental Analysis):
The fundamental analysis of HP Inc. stock is “Bullish” with a FA score of 8.3 out of 10, where 0 is very bearish and 10 is very bullish.
About HP Inc.:
HP Inc. is a global technology company that provides personal computing devices, imaging and printing products, and related solutions and services. The company has three main business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, and retail point-of-sale systems, among others. The Printing segment provides consumer and commercial printer hardware, supplies, and solutions, with a focus on graphics and 3D imaging. The Corporate Investments segment is involved in HP Labs, business incubation, and investment projects. The company serves a wide range of customers, including individual consumers, small- and medium-sized businesses, and large enterprises, across various industries. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
