HP forecasts downbeat profit as weak PC market, competition weigh
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Goldman Sachs Reiterates Neutral Rating on HP, Inc. (HPQ)
August 29, 2024 5:26 AM EDTGoldman Sachs analyst Michael Ng reiterated a Neutral rating and $33.00 price target on HP, Inc. (NYSE: HPQ)
The analyst comments "HPQs F3Q24 EPS of $0.83 missed GS/consensus (FactSet) as a miss in Print revenue and margins more than offset a beat in Personal Systems revenue and margins (6.4% v. GS/consensus 6.5/6.1%). First, Print revenue and margins missed, reducing our confidence in HPQs ability to... More
