The Goldman Sachs Group Cuts HP (NYSE:HPQ) Price Target to $24.00

HP (NYSE:HPQ) had its price objective reduced by The Goldman Sachs Group from $28.00 to $24.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the computer maker’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 0.59% from the stock’s current price.

Several other analysts also recently issued reports on the company. Barclays decreased their target price on HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Evercore ISI reduced their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a report on Wednesday. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.85.

HP Price Performance

HP stock traded down $0.46 during mid-day trading on Wednesday, reaching $23.86. 10,697,902 shares of the stock traded hands, compared to its average volume of 9,275,104. The stock has a market capitalization of $22.30 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. The business’s 50-day moving average is $26.51 and its 200-day moving average is $26.39. HP has a 12-month low of $21.21 and a 12-month high of $37.50.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. During the same period last year, the firm earned $0.93 EPS. HP’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Equities analysts anticipate that HP will post 3.56 EPS for the current fiscal year.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of HP

A number of hedge funds and other institutional investors have recently modified their holdings of HPQ. WPG Advisers LLC acquired a new position in shares of HP during the 1st quarter valued at about $25,000. Laurel Wealth Advisors LLC grew its stake in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after buying an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of HP during the 2nd quarter worth approximately $27,000. Westfuller Advisors LLC purchased a new stake in shares of HP during the 3rd quarter valued at approximately $28,000. Finally, Global Trust Asset Management LLC lifted its holdings in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.