HP Inc (HPQ) Price

The P/E ratio of HP Inc is 9.8489

Mr. Enrique Lores is the President of HP Inc, joining the firm since 2015.

The current price of HPQ is $28.24, it has increased 0.05% in the last trading day.

HP Inc belongs to Technology industry and the sector is Information Technology

HP Inc's current market cap is $26.5B

According to wall street analysts, 17 analysts have made analyst ratings for HP Inc, including 2 strong buy, 4 buy, 14 hold, 1 sell, and 2 strong sell

HPQ is getting some attention today, but don't get too excited, it's not exactly a moon mission. The stock is seeing a slight uptick after Bernstein initiated coverage with a neutral "Market Perform" rating. This comes on the heels of a messy few weeks, with positive news about AI PC sales clashing with a recent analyst downgrade, leaving the stock technically and fundamentally stuck in the middle.

Here’s the alpha on what’s really going on with HP Inc.:

• Today's Catalyst: New Analyst on the Block The most direct news today is Bernstein starting coverage on HPQ with a "Market Perform" rating. While this is a neutral stance, new coverage from a major firm can generate a bit of trading volume and put a stock on more screens. It's not a buy signal, but it's enough to cause a ripple.

• The Bigger Picture: A Bull vs. Bear Tug-of-War The stock is caught between two competing narratives:

  • Bull Case (AI PC Hype): The bulls are focused on the growth in the Personal Systems (PC) division. HP's last earnings report on August 27th beat revenue expectations, largely thanks to strong demand for higher-value commercial and AI-powered PCs. The CFO even mentioned an "earlier than expected spike in AI PC shipments," which got some investors excited. This led analysts at JPMorgan to raise their price target to $30 post-earnings.
  • Bear Case (Reality Check): The bears are pointing to broader weakness and a cloudy future. On September 10th, Evercore ISI downgraded the stock from "Outperform" to "In Line," citing limited upside and concerns that future demand could be weak. Around the same time, Jim Cramer chimed in, suggesting that the company's stock buybacks can't hide weak results. The legacy Printing business also continues to be a drag on performance.

• Technical Breakdown: Stuck in the Middle From a technical standpoint, HPQ is trading in a very defined range.

  • Key Levels: The stock is currently pushing up against a daily resistance level at $28.07.
  • Moving Averages: It's trapped between its 50-day moving average (acting as support around $26.57) and its 200-day moving average (acting as resistance around $28.64).
  • Indicators: The daily RSI is neutral at 52.89, and the overall technical signal is "neutral," confirming the market's indecision.

Overall, analysts are mostly on the sidelines with a "Neutral" consensus rating, and the average price target of $28.37 suggests they don't see much room for it to run from here. Basically, the stock is as exciting as a corporate IT meeting right now. Instead of trying to time this sideways chop, maybe check out some assets with actual momentum on the Edgen Radar.