Shares of HPQ.N experienced a notable uptick today, crossing above its 5-day simple moving average (SMA) as investor sentiment improved. This technical breakout suggests a potential shift in momentum, indicating bullish prospects for the stock in the near term.
The recent surge in HPQ.N comes on the heels of Nvidia's impressive quarterly earnings report, which showcased a significant earnings increase to $1.3 per share, far exceeding market expectations. This positive performance has not only bolstered Nvidia's stock but has also cast a favorable light on the semiconductor sector, where HPQ.N operates.
With Nvidia's stock climbing approximately 35.1% year-to-date, outperforming the S&P 500's 12.5% gain, analysts are optimistic about the industry's trajectory. The Semiconductor - General industry is currently ranked in the top 37% of Zacks industries, further supporting the bullish outlook for HPQ.N, which is rated as a 'hold' by analysts with an average price target of $26.43.
Wall Street analysts forecast HPQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPQ is 25.30 USD with a low forecast of 20.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast HPQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPQ is 25.30 USD with a low forecast of 20.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
10 Hold
3 Sell
Hold
Current: 19.050
Low
20.00
Averages
25.30
High
30.00
Current: 19.050
Low
20.00
Averages
25.30
High
30.00
Morgan Stanley
Underweight -> NULL
downgrade
$20 -> $18
2026-01-20
Reason
Morgan Stanley
Price Target
$20 -> $18
AI Analysis
2026-01-20
downgrade
Underweight -> NULL
Reason
Morgan Stanley lowered the firm's price target on HP Inc. to $18 from $20 and keeps an Underweight rating on the shares. The firm's chief investment officer survey indicated the the slowest hardware budget growth in 15 years. Resellers are expecting an "elastic demand response" to input cost inflation, which warrants a more defensive IT hardware position despite secular AI tailwinds, the analyst tells investors in a research note. Morgan Stanley has turned "more defensive," saying its recent survey work "signals the perfect storm of cautionary factors emerging." The firm downgraded its sector view to Cautious from In-Line.
Citi
Neutral -> Neutral
downgrade
$25 -> $22
2026-01-20
Reason
Citi
Price Target
$25 -> $22
2026-01-20
downgrade
Neutral -> Neutral
Reason
Citi lowered the firm's price target on HP Inc. to $22 from $25 and keeps a Neutral rating on the shares. The firm adjusted targets in the technology hardware group as part of its 2026 outlook. Citi believes hyperscaler data center spending "remains robust," which is driving demand for power, storage, connectors, and fiber.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for HPQ
Unlock Now
Barclays
Equal Weight -> Underweight
downgrade
$24 -> $18
2026-01-16
Reason
Barclays
Price Target
$24 -> $18
2026-01-16
downgrade
Equal Weight -> Underweight
Reason
Barclays downgraded HP Inc. to Underweight from Equal Weight with a price target of $18, down from $24. While the shares are "inexpensive," secular challenges across both computers and printing, combined with a lack of catalysts, will keep HP pressured in 2026, the analyst tells investors in a research note. Additionally, Barclays expects the current memory cycle to pressure the company's PC business with further downside potential in the year.
Goldman Sachs
Neutral
downgrade
$28 -> $24
2025-11-26
Reason
Goldman Sachs
Price Target
$28 -> $24
2025-11-26
downgrade
Neutral
Reason
Goldman Sachs lowered the firm's price target on HP Inc. to $24 from $28 and keeps a Neutral rating on the shares. HP posted in-line EPS with a modest revenue beat, and its FY26 outlook calls for revenue growth ahead of the market driven by AI PCs, Workforce Solutions, and subscription/industrial print categories, the analyst tells investors in a research note. However, FY26 EPS guidance came in below consensus due to sharply higher memory costs pressuring Personal Systems margins, which are expected to recover gradually starting mid-2027, aided by a new multi-year cost-savings program, Goldman says.
About HPQ
HP Inc. is a global provider of sustainable devices, services and subscriptions for personal computing (PC), printing, three-dimensional (3D) printing, hybrid work, gaming and other related technologies. The Company’s segments include Personal Systems, Printing and Corporate Investments. Its Personal Systems segment offers desktops, notebooks, and workstations, thin clients, retail point-of-sale (POS) systems, displays, hybrid systems, software, solutions including endpoint security and services. Its Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. Printing is also focused on graphics and 3D printing and personalization in the commercial and industrial markets. Its Corporate Investments segment includes certain business incubation and investment projects. Its security solutions provide layered resiliency using features such as containment and isolation technology as well as artificial intelligence (AI) deep learning.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
