HP (NYSE:HPQ) Given New $16.00 Price Target at The Goldman Sachs Group

HP (NYSE:HPQ) had its target price decreased by The Goldman Sachs Group from $21.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the computer maker’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 12.45% from the company’s current price.

A number of other analysts have also weighed in on HPQ. Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Barclays dropped their price objective on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Wednesday. UBS Group lowered their target price on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a report on Monday, December 1st. Finally, TD Cowen lowered their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, HP has a consensus rating of “Reduce” and an average target price of $22.23.

HP Trading Up 0.4%

Shares of NYSE:HPQ traded up $0.08 during midday trading on Wednesday, reaching $18.28. 27,420,154 shares of the company were exchanged, compared to its average volume of 19,537,783. The stock has a market cap of $16.78 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21. The business’s fifty day moving average is $20.61 and its two-hundred day moving average is $24.50. HP has a one year low of $17.56 and a one year high of $34.07.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The business had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts expect that HP will post 3.56 EPS for the current year.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the transaction, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,969 shares of company stock worth $2,277,993 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HPQ. Westfuller Advisors LLC acquired a new position in shares of HP during the third quarter worth $28,000. Laurel Wealth Advisors LLC lifted its holdings in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after buying an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of HP during the 2nd quarter worth about $27,000. Caitlin John LLC purchased a new position in shares of HP in the 3rd quarter valued at about $30,000. Finally, Garner Asset Management Corp acquired a new stake in shares of HP during the 4th quarter worth about $25,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 beat on both EPS and revenue, driven by stronger Personal Systems / PC sales, showing demand momentum that supports near-term growth. Zacks: Q1 Earnings Beat
• Neutral Sentiment: HP issued Q2 FY26 EPS guidance of $0.70–$0.76 (near/just below consensus) and reiterated that FY results are likely toward the low end of prior guidance — a cautious stance that keeps uncertainty but provides a walk-forward target for analysts. HP Press Release / Guidance
• Neutral Sentiment: Company reported positive free cash flow and returned ~$0.6B to shareholders (buybacks + dividends), which is supportive for shareholder value if margins stabilize. GlobeNewswire: Q1 Results
• Negative Sentiment: Rising memory-chip costs materially squeezed margin outlook; management warned U.S. trade rules and memory pricing will weigh on FY results — a primary driver of the after-hours slide. Reuters: Memory Costs & Trade Risk
• Negative Sentiment: Analysts cut targets and ratings following the cautious outlook: Barclays and Morgan Stanley lowered targets to $16 and moved to underweight; Wells Fargo trimmed its target to $18 and also moved to underweight — increasing selling pressure. Benzinga: Analyst Cuts
• Negative Sentiment: Market reaction included a sharp intraday/after-hours drop and a 52-week low reference as investors priced in weaker margin visibility and the risk that cost trends offset PC momentum. Benzinga: 52-Week Low

HP Company Profile

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.