JPMorgan Chase & Co. Raises HP (NYSE:HPQ) Price Target to $26.00

HP (NYSE:HPQ) had its target price lifted by analysts at JPMorgan Chase & Co. from $22.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the computer maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.32% from the company’s current price.

A number of other equities research analysts have also issued reports on HPQ. The Goldman Sachs Group cut their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. UBS Group restated a “neutral” rating on shares of HP in a research note on Thursday. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Bank of America upped their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, Citigroup restated a “neutral” rating on shares of HP in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $22.17.

HP Trading Down 2.2%

HPQ stock traded down $0.57 during trading on Thursday, reaching $24.92. The stock had a trading volume of 26,771,655 shares, compared to its average volume of 19,230,672. HP has a 1-year low of $17.56 and a 1-year high of $29.55. The company has a market capitalization of $22.79 billion, a P/E ratio of 9.44, a PEG ratio of 6.75 and a beta of 1.09. The firm has a fifty day moving average price of $20.29 and a 200 day moving average price of $21.11.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts predict that HP will post 2.85 EPS for the current year.

Institutional Investors Weigh In On HP

Several institutional investors and hedge funds have recently bought and sold shares of HPQ. Baird Financial Group Inc. raised its stake in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after acquiring an additional 13,265 shares during the period. Gamco Investors INC. ET AL raised its stake in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after acquiring an additional 551 shares during the period. Daiwa Securities Group Inc. raised its stake in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after acquiring an additional 8,779 shares during the period. Treasurer of the State of North Carolina raised its stake in HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after acquiring an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in HP during the second quarter worth about $233,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP News Roundup

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat Q2 earnings and revenue estimates, showing better-than-expected execution and continued top-line growth. HPQ’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Revenue rose 9% year over year, with Personal Systems sales increasing and AI PC demand providing a lift to the quarter. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: Analysts are still reassessing HP’s fair value and margin outlook as memory costs, PC demand, and execution risks remain in focus. How The HP (HPQ) Story Is Shifting As Analysts Reassess Memory And PC Risks
• Negative Sentiment: HP trimmed its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, citing rising memory costs and softer unit demand, which is pressuring investor sentiment. HP beats q2 estimates but trims full-year outlook on memory cost pressure
• Negative Sentiment: Brokerage updates remain cautious, with Bank of America and Morgan Stanley both keeping bearish ratings despite slightly higher price targets, reinforcing concerns about HP’s longer-term earnings outlook. Analyst price target updates

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.