HP (NYSE:HPQ) Given New $19.00 Price Target at Morgan Stanley

HP (NYSE:HPQ) had its target price raised by Morgan Stanley from $17.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the computer maker’s stock. Morgan Stanley’s price target points to a potential downside of 25.64% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on HPQ. Wells Fargo & Company reissued an “underweight” rating on shares of HP in a research report on Thursday. Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Finally, UBS Group reduced their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, HP currently has an average rating of “Reduce” and a consensus price target of $22.08.

HP Price Performance

HPQ stock opened at $25.55 on Thursday. The company has a fifty day moving average price of $20.29 and a two-hundred day moving average price of $21.11. HP has a one year low of $17.56 and a one year high of $29.55. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts anticipate that HP will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On HP

Several institutional investors and hedge funds have recently bought and sold shares of the company. Groupe la Francaise lifted its position in HP by 14.9% during the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock worth $3,908,000 after purchasing an additional 26,339 shares during the period. Western Wealth Management LLC bought a new stake in HP during the first quarter worth about $796,000. South Dakota Investment Council lifted its position in HP by 18.5% during the first quarter. South Dakota Investment Council now owns 715,294 shares of the computer maker’s stock worth $13,741,000 after purchasing an additional 111,475 shares during the period. Amundi lifted its holdings in shares of HP by 48.6% in the first quarter. Amundi now owns 5,187,691 shares of the computer maker’s stock worth $99,657,000 after acquiring an additional 1,696,717 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of HP in the first quarter worth about $191,000. Institutional investors own 77.53% of the company’s stock.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported Q2 revenue of $14.4 billion and non-GAAP EPS of $0.86, both above Wall Street estimates, with revenue up 9% year over year and earnings up 21%. Reuters article
• Positive Sentiment: Management said demand was boosted by AI-optimized PCs and the Windows 11 refresh cycle, which supports the outlook for HP’s personal systems business. GuruFocus article
• Neutral Sentiment: HP also generated $0.8 billion in free cash flow and returned $374 million to shareholders through dividends and buybacks, which reinforces its cash-generation profile. Globe Newswire article
• Negative Sentiment: Despite the beat, HP cut its fiscal 2026 profit guidance to $2.15-$2.45 per share from $2.47-$2.77, signaling margin pressure from rising costs. WSJ article

About HP

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.