Analysts Set HP Inc. (NYSE:HPQ) Price Target at $23.50

Posted by Stanley Muller on Aug 28th, 2026

Shares of HP Inc. (NYSE:HPQ – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.8333.

A number of equities research analysts have recently weighed in on HPQ shares. The Goldman Sachs Group boosted their price objective on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Morgan Stanley decreased their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday. UBS Group upped their price target on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $32.00 price target on shares of HP in a research report on Thursday.

Check Out Our Latest Stock Analysis on HPQ

HP News Summary

Here are the key news stories impacting HP this week:

Positive Sentiment: Results exceeded expectations: Fiscal Q3 non-GAAP EPS was $0.83 on revenue of $15.7 billion, versus estimates of approximately $0.66–$0.75 EPS and $14.4 billion in revenue. Revenue increased 12.5% year over year, led by an 18% increase in Personal Systems revenue. HP Inc. Reports Fiscal 2026 Third Quarter Results
Positive Sentiment: Outlook was raised: HP increased its fiscal 2026 EPS and free-cash-flow guidance. Fourth-quarter adjusted EPS guidance of $0.69–$0.79 also exceeded the consensus estimate of $0.67, with price increases, premium and AI-enabled PCs, and expected tariff refunds helping offset higher component costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
Positive Sentiment: Shareholder returns remained supportive: HP generated $1.6 billion in free cash flow and returned roughly $574 million through dividends and share repurchases. Analysts also raised some forecasts following the earnings report. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
Neutral Sentiment: AI PCs are a potential growth driver: Management highlighted premium product mix and AI-PC demand as part of a possible margin recovery into fiscal 2027, but investors remain divided on how quickly these trends can translate into sustainable profitability.
Negative Sentiment: Margins and earnings quality raised concerns: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Memory-chip inflation and other costs are pressuring profitability, and the quarter’s non-GAAP EPS benefited by $0.11 from tariff refunds. HP falls amid concerns over margins and PC unit shipments decline
Negative Sentiment: Demand trends were mixed: Higher pricing helped lift revenue despite fewer PC shipments, while Printing revenue declined 2%. Following an almost 50% recent rally, investors appear to have demanded stronger evidence that growth and margin recovery can continue. HP: Double Earnings Beat, Raised Guidance, But Near 50% Rally Keeps Me Cautious

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HPQ. Garner Asset Management Corp purchased a new position in shares of HP during the fourth quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in HP in the fourth quarter worth $26,000. Union Savings Bank purchased a new stake in HP in the fourth quarter worth $28,000. DV Equities LLC bought a new stake in HP in the fourth quarter valued at $29,000. Finally, Aberdeen Wealth Management LLC purchased a new position in HP during the 2nd quarter valued at $29,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of NYSE:HPQ opened at $29.69 on Friday. The company’s fifty day moving average price is $26.24 and its 200-day moving average price is $22.71. The firm has a market capitalization of $27.15 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 5.05 and a beta of 1.17. HP has a one year low of $17.56 and a one year high of $32.19.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 762.90% and a net margin of 4.14%.The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. 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, equities research analysts expect that HP will post 3.04 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 45.80%.

HP Company Profile

(Get Free Report)

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.