HP Inc. (HPQ) May weekly 32.50 straddle into quarter results
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May 30, 2024 5:52 AM EDT
Morgan Stanley analyst Erik Woodring raised the price target on HP, Inc. (NYSE: HPQ) to $37.00 (from $36.00) while maintaining a Overweight rating.
The analyst comments "We continue to see HPQ as a positively skewed way to play the PC mkt recovery. But with... More
May 30, 2024 5:13 AM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $40.00 price target on HP, Inc. (NYSE: HPQ).
The analyst comments "HPQ reported a solid Apr-qtr with rev/EPS of $12.8B/82c, ~$200M above street estimates on sales and a penny above on EPS. HPQ reiterated its FY24 guidance of EPS of $3.45 (but brought in the range from $3.25-3.65 to $3.30-3.60) with expectations of an accelerating PC refresh cycle and tailwinds from AI PCs in H2 HPQ expects AI PCs to comprise ~10% of H2 PC unit shipments and ~40-60% of sales within 3 years of... More
