HP (HPQ) Stock Forecast & Price Target

$32.94 +0.48 (+1.48%)

(As of 12/20/2024 05:31 PM ET)

HP - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
9

Buy
1

Based on 11 Wall Street analysts who have issued ratings for HP in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 9 have given a hold rating, and 1 has given a buy rating for HPQ.

Consensus Price Target

$36.45
10.66% Upside

According to the 11 analysts' twelve-month price targets for HP, the average price target is $36.45. The highest price target for HPQ is $41.00, while the lowest price target for HPQ is $30.00. The average price target represents a forecasted upside of 10.66% from the current price of $32.94.

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HPQ Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$36.45	$35.45	$35.55	$31.90
Forecasted Upside	10.66% Upside	-6.53% Downside	2.26% Upside	5.70% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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HPQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HPQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

HP Stock vs. The Competition

Type	HP	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.69	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	10.66% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent HPQ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/29/2024	Hsbc Global Res 0 of 5 stars	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/29/2024	HSBC 3 of 5 stars		Downgrade	Buy ➝ Hold	$39.00 ➝ $38.00	+9.64%
11/27/2024	Citigroup 3 of 5 stars	A. Merchant Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$37.00 ➝ $36.50	+2.96%
11/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$32.00 ➝ $35.00	-2.67%
11/27/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$32.00 ➝ $39.00	-0.20%
11/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$42.00 ➝ $41.00	+11.20%
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9/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$37.00 ➝ $37.00	+0.41%
9/5/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$37.00 ➝ $35.00	+1.36%
8/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$37.00 ➝ $36.00	+6.89%
8/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$34.00 ➝ $37.00	+6.44%
5/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$25.00 ➝ $30.00	-22.96%
12/11/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$33.00 ➝ $40.00	+35.78%
11/7/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/30/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$32.00 ➝ $30.00	-4.37%
5/31/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/20/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$26.00	-7.28%
1/9/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$30.00 ➝ $29.00	+0.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:03 PM ET.

Should I Buy HP Stock? HPQ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these HP pros and cons to contact@marketbeat.com.

HP
Bull Case

Here are some ways that investors could benefit from investing in HP Inc.:

HP Inc. offers a solid dividend yield of 3.18%, which can provide a steady income stream for investors. The annualized dividend of $1.16 reflects the company's commitment to returning value to shareholders.
The stock is currently priced at $36.19, which is close to the average target price of $36.77 set by analysts. This suggests that there may be limited downside risk and potential for price appreciation.
Recent analyst upgrades indicate positive sentiment towards HP Inc., with firms like TD Cowen and UBS Group raising their target prices, suggesting confidence in the company's future performance.
HP Inc. has a relatively low dividend payout ratio of 39.15%, indicating that the company retains a significant portion of its earnings for reinvestment, which could support future growth.
The company operates in diverse segments, including Personal Systems and Printing, which can help mitigate risks associated with reliance on a single market or product line.

HP
Bear Case

Investors should be bearish about investing in HP Inc. for these reasons:

Despite recent upgrades, the stock has received more hold ratings (nine) than buy ratings (three), indicating a cautious outlook from many analysts.
HP Inc. has seen significant selling from institutional investors, such as FMR LLC, which reduced its holdings by 40.1%. This could signal a lack of confidence among large shareholders.
The company's price-to-earnings (P/E) ratio of 12.88, while not excessively high, may suggest that the stock is fairly valued, limiting potential upside for investors looking for growth.
Recent downgrades from firms like HSBC and Loop Capital reflect concerns about the company's growth prospects, which could impact investor sentiment negatively.
The competitive landscape in the technology sector is intense, and HP Inc. faces challenges from both established players and new entrants, which could affect its market share and profitability.

HPQ Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for HP is $36.45, with a high forecast of $41.00 and a low forecast of $30.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HP in the last year. There is currently 1 sell rating, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HPQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPQ, but not buy additional shares or sell existing shares.
: According to analysts, HP's stock has a predicted upside of 10.66% based on their 12-month stock forecasts.
: Over the previous 90 days, HP's stock had 4 downgrades by analysts.
: HP has been rated by research analysts at Bank of America, Barclays, Citigroup, Hsbc Global Res, HSBC, JPMorgan Chase & Co., and TD Cowen in the past 90 days.
: Analysts like HP less than other "computer and technology" companies. The consensus rating for HP is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how HPQ compares to other companies.

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This page (NYSE:HPQ) was last updated on 12/21/2024 by MarketBeat.com Staff

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HP (HPQ) Stock Forecast & Price Target