HPQ Price Prediction Next Week
Technical Analysis
Based on the latest price data, HPQ is currently trading at $33.34, showing a positive momentum with a 1.83% gain in the regular market session. The RSI-14 at 49.16 indicates a neutral position, neither overbought nor oversold.
The Fibonacci levels suggest:
- Resistance levels: R1 at $33.39, R2 at $33.71, R3 at $34.23
- Support levels: S1 at $32.36, S2 at $32.04, S3 at $31.53
- Pivot point: $32.88
News Sentiment Analysis
Recent news shows mixed signals:
- HSBC analyst downgraded HPQ from Buy to Hold with a price target reduction from $39 to $38
- TD Cowen maintained Hold rating but raised price target from $32 to $39
- The company appointed Carol Surface as Chief People Officer on Jan 15
Price Prediction for Next Week
Based on technical indicators and news sentiment:
Bullish Case (40% probability):
- Price target: $34.23 (R3 level)
- Drivers: Strong technical support at $32.36, positive market sentiment
Bearish Case (30% probability):
- Price target: $32.04 (S2 level)
- Drivers: Recent analyst downgrade, potential market volatility
Consolidation Case (30% probability):
- Price range: $32.88-$33.39 (between pivot and R1)
- Drivers: Mixed analyst ratings, neutral RSI
Trading Recommendation
SELL with target price of $32.04 Rationale:
- Recent analyst downgrade suggests limited upside potential
- RSI showing neutral momentum without strong bullish signals
- Price is currently near resistance level R1 ($33.39)
- Technical indicators suggest potential pullback to S2 level
Stop loss should be placed at $33.71 (R2 level) to limit potential losses.
HPQ Similar Chart Price Prediction
The price of HPQ is predicted to go up -4.02%, based on the high correlation periods with PRQR. The similarity of these two price pattern on the periods is 91.83%.
HPQ
PRQR
Down: -4.02%Similarity: 91.83%
HPQ Revenue Forecast
HPQ EPS Forecast
HPQ FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
HPQ VS S&P500
HP generates steady free cash flow and returns this cash to shareholders via dividends and buybacks. High cash flow and low future expectations are not a bad combination.
If AI-enabled PCs take off, it could spur the next major PC refresh cycle and even structurally boost demand for PCs.
One or more of HP's current growth plays (gaming, workplace peripherals, and 3D printing) could lead to an improved growth outlook over time.
HPQ Analyst's Forecast
Toni Sacconaghi
Bernstein
Hold
Price Target
$32 → $34
Upside
+2.6%
Bernstein analyst Toni Sacconaghi raised the firm's price target on HP Inc. to $34 from $32 and keeps a Market Perform rating on the shares as part of a 2025 outlook for the IT hardware sector. The firm sees IT hardware as a "structurally challenged sector," and views names in its coverage universe largely as trading stocks rather than long term core holdings. Bernstein expects a better IT spending backdrop in 2025 and says many companies have stronger portfolios than history, but notes stock valuations are at the higher end, artificial intelligence profitability remains challenging, and it does not see huge upside from a PC refresh cycle in 2025. The firm's top picks entering 2025 remain Apple (AAPL) and Dell (DELL). Bernstein adjusted price targets for Apple, IBM (IBM) and HP Inc. (HPQ) to reflect market appreciation since its last set of targets.
Stephen Bersey
HSBC
Strong Buy → Hold
Price Target
$39 → $38
Upside
+7.25%
Krish Sankar
TD Cowen
Hold
Price Target
$32 → $39
Upside
+12.52%