HP Inc. (NYSE:HPQ) is one of the Most Undervalued Tech Stocks to Buy in 2026. On January 13, Mike Ng from Goldman Sachs downgraded HP Inc. (NYSE:HPQ) from Hold to Sell and lowered the price target from $24 to $21.
The firm downgraded the stock, noting concerns regarding pressures affecting the company’s PC margins and slowing demand. Although Goldman Sachs sees HPQ as a leading company that aims to return 100% free cash flow to shareholders. The firm also likes the company’s ability to protect its market share for both its segments. Regardless, Goldman Sachs noted that the increased exposure of the company in the PC market reflects downside risk for HPQ’s 2026 and 2027 estimates.
That said, on January 6, HP Inc. (NYSE:HPQ) unveiled its HyperX OMEN MAX 16 gaming laptop at CES 2026. Management noted that the laptop delivers up to 300W Total Platform Power through Intel Core Ultra 200HX series processors. Moreover, it also features AMD Ryzen AI processors along with NVIDIA GeForce RTX 5090 Laptop GPU.
HP Inc. (NYSE:HPQ) is a global technology company specializing in personal computing, printing, and related services.
While we acknowledge the potential of HPQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
