OpenAI Acquires Neptune: OpenAI has agreed to acquire Neptune, a startup that provides tools for tracking AI model training, reportedly for less than $400 million in stock.
Neptune's Background: Originally an internal tool at Deepsense, Neptune became an independent startup in 2018 and has raised over $18 million in funding, with notable clients including Samsung and Roche.
OpenAI's Valuation and IPO Plans: OpenAI reached a valuation of $500 billion in October and is preparing for a potential IPO, which could be among the largest ever, with a valuation of up to $1 trillion, although a listing is not imminent.
Partnership with Thrive Holdings: OpenAI has taken a stake in Thrive Holdings to integrate AI into traditional industries like accounting and IT services.
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: 19.830
Low
20.00
Averages
25.30
High
30.00
Current: 19.830
Low
20.00
Averages
25.30
High
30.00
Morgan Stanley
Underweight -> NULL
downgrade
$20 -> $18
2026-01-20
New
Reason
Morgan Stanley
Price Target
$20 -> $18
AI Analysis
2026-01-20
New
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
New
Reason
Citi
Price Target
$25 -> $22
2026-01-20
New
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.
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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.
