HP (NYSE:HPQ) Upgraded by Zacks Research to Strong-Buy Rating

Posted by Geri Gentry on Sep 9th, 2026

Zacks Research upgraded shares of HP (NYSE:HPQ – Free Report) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Several other brokerages have also commented on HPQ. Wells Fargo & Company lifted their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. The Goldman Sachs Group boosted their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, HP currently has an average rating of “Hold” and a consensus price target of $25.17.

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HP Stock Down 4.6%

Shares of NYSE HPQ opened at $31.15 on Monday. The company has a market capitalization of $28.09 billion, a PE ratio of 11.89, a PEG ratio of 1.70 and a beta of 1.18. The stock’s 50 day moving average price is $27.59 and its 200-day moving average price is $23.40. HP has a twelve month low of $17.56 and a twelve month high of $32.78.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.HP’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, research analysts expect that HP will post 3.23 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s payout ratio is presently 45.80%.

Insider Activity

In other HP news, insider David McQuarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of HP

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in HP in the 2nd quarter worth about $2,357,757,000. State Street Corp lifted its holdings in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of HP by 2,151.8% in the second quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker’s stock valued at $780,272,000 after acquiring an additional 33,984,527 shares during the period. Geode Capital Management LLC boosted its position in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares during the period. Finally, Primecap Management Co. CA purchased a new position in HP during the second quarter valued at approximately $545,984,000. 77.53% of the stock is currently owned by institutional investors.

HP Company Profile

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HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.