HP Inc. (NYSE:HPQ) is one of the 10 Best Stocks Under $20 to Buy According to Hedge Funds. On February 25, BofA reduced its price target on HP Inc. (NYSE:HPQ) from $18 to $16 while keeping its Underperform rating. BofA pointed out that its rating reflects the “coinciding headwinds” of slower PC unit growth, pressure on margins due to memory costs, and uncertainty related to the company’s leadership transition.
Other analysts also reduced their price targets for HP Inc. (NYSE:HPQ) following its latest earnings results. On February 25, Evercore ISI cut its price target on HP Inc. (NYSE:HPQ) from $22 to $20 while maintaining its In Line rating. Evercore ISI believes that the company is currently dealing with a “tough memory environment.”
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Morgan Stanley lowered its price target on HP Inc. (NYSE:HPQ) from $18 to $16 and kept its Underweight rating on the stock.
The research firm said fiscal Q1 earnings “played out largely as we expected.” HP Inc. (NYSE:HPQ) slightly reduced its EPS and free cash flow guidance as it continues to face input cost pressure and risk of weaker demand in the second half of the fiscal year. Morgan Stanley sees the stock as “cheap.” However, the firm still sees more than 14% downside risk to fiscal year 2026 EPS guidance.
HP Inc. (NYSE:HPQ) is an American multinational technology company that is known for its AI-powered devices, software, subscriptions, and services that serve professionals and businesses.
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