JPMorgan has revised its price target for HP Inc. (HPQ, Financial), reducing it to $29 from a previous target of $40, while maintaining an Overweight rating on the stock. This adjustment reflects anticipated impacts from ongoing macroeconomic uncertainties, particularly related to tariffs.
The financial institution has updated its models for hardware and networking to better align with the current economic landscape. JPMorgan now factors in a wider economic slowdown, which it predicts will lead to reduced demand across various customer segments, including individual consumers, enterprises, and telecom companies.
The analysis indicates that this broader macro slowdown may result in moderated demand, influencing the company's performance across its customer base. As these economic conditions unfold, HP Inc.'s stock may face pressure due to these potential demand shifts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for HP Inc (HPQ, Financial) is $34.02 with a high estimate of $40.00 and a low estimate of $25.00. The average target implies an upside of 44.96% from the current price of $23.47. More detailed estimate data can be found on the HP Inc (HPQ) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, HP Inc's (HPQ, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HP Inc (HPQ, Financial) in one year is $32.30, suggesting a upside of 37.62% from the current price of $23.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HP Inc (HPQ) Summary page.
