HP beats revenue estimate on recovering PC demand
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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 5:45 AM EDT
BofA Securities analyst Wamsi Mohan raised the price target on HP, Inc. (NYSE: HPQ) to $37.00 (from $35.00) while maintaining a Buy rating.
The analyst comments "HPQ F2Q24 rev came in above expectations at $12.8bn versus $12.5bn/ $12.6bn (BofA /
Street). HPQ... More
May 30, 2024 5:32 AM EDT
Goldman Sachs analyst Michael Ng reiterated a Neutral rating and $33.00 price target on HP, Inc. (NYSE: HPQ).
The analyst comments "HPQs F2Q24 EPS of $0.82 largely met GS/consensus of $0.83/$0.81 as a revenue beat on Personal Systems was offset by a miss in segment margins; Print revenue was in-line. HPQ is seeing early signs of a PC recovery with Personal Systems revenue growth of 2% (ex forex), marking the first... 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
