HPQ Price Prediction Next Week
Analysis and Insights
Technical Analysis:
HP Inc. (HPQ) is currently showing signs of potential bullish momentum. The stock has been trading in a range with support at $29.69 and resistance at $34.35. The Relative Strength Index (RSI) is at 36.06, indicating the stock is in oversold territory, which could signal a potential rebound.
News Sentiment and Options Activity:
There has been significant bullish options activity in HPQ, with 6,183 calls traded, indicating positive market sentiment. The implied volatility has increased to 30.40%, suggesting heightened expectations for price movement ahead of earnings on May 28th.
Fibonacci Levels:
The Fibonacci levels for HPQ suggest key resistance at $34.35 and support at $29.69. The stock is currently trading near the support level, which could act as a floor for the price in the short term.
Prediction and Recommendation:
Based on the oversold RSI and bullish options activity, HPQ is likely to experience a short-term rebound. The stock is expected to rise to $32.50 by the end of the next trading week.
Buy HPQ at the current price of $30.63 with a target price of $32.50.
HPQ Similar Chart Price Prediction
The price of HPQ is predicted to go up -6.17%, based on the high correlation periods with PRSU. The similarity of these two price pattern on the periods is 97.59%.
HPQ
PRSU
Down: -6.17%Similarity: 97.59%
HPQ Revenue Forecast
HPQ EPS Forecast
HPQ FAQs
What is HPQ revenue forecast for next quarter？
What is HPQ 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
Aaron Rakers
Wells Fargo
Sell
2025-02-20
Price Target
$30 → $35
Upside
+0.81%
Wells Fargo analyst Aaron Rakers raised the firm's price target on HP Inc. to $35 from $30 and keeps an Underweight rating on the shares. While the firm continues to expect HP Inc. to benefit from the ongoing AI PC cycle, it sees the firm facing increased headwinds in its IPG segment as the threat of tariffs, competitive pricing environment, and inflation hit.
Toni Sacconaghi
Bernstein
Hold
2025-01-03
Price Target
$32 → $34
Upside
+2.6%
Stephen Bersey
HSBC
Strong Buy → Hold
2024-11-29
Price Target
$39 → $38
Upside
+7.25%
