HP (NYSE:HPQ) Raised to Buy at Wall Street Zen

Posted by Brenda Bartman on Oct 31st, 2026

HP (NYSE:HPQ – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on HPQ. Bank of America restated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. The Goldman Sachs Group raised 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. Weiss Ratings upgraded shares of HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Zacks Research cut shares of HP from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group increased their price target on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $25.42.

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HP Trading Down 9.5%

Shares of HPQ opened at $28.82 on Friday. The firm has a market cap of $25.99 billion, a PE ratio of 11.00, a P/E/G ratio of 1.65 and a beta of 1.17. The firm has a fifty day simple moving average of $31.73 and a two-hundred day simple moving average of $24.54. HP has a 1-year low of $17.56 and a 1-year high of $36.22.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during 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 revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous 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 forecast that HP will post 3.23 EPS for the current fiscal year.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 31,572 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This trade represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the transaction, the insider owned 169 shares in the company, valued at approximately $5,502.64. This trade represents a 99.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 82,141 shares of company stock valued at $2,557,063 over the last three months. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HP

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in HP in the 2nd quarter worth approximately $2,357,757,000. Primecap Management Co. CA purchased a new stake in HP during the 2nd quarter valued at approximately $545,984,000. Legal & General Group Plc purchased a new stake in HP during the 2nd quarter valued at approximately $180,689,000. Man Group plc bought a new stake in shares of HP during the second quarter valued at approximately $149,223,000. Finally, Deutsche Bank AG bought a new stake in shares of HP during the second quarter valued at approximately $140,172,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

Positive Sentiment: HP’s lower valuation relative to Apple, along with continued adoption of AI-enabled PCs and demand for premium commercial devices, supports the stock’s long-term investment case. HPQ vs. AAPL: Which Computer Stock Offers Better Investment Potential?
Positive Sentiment: HP previously exceeded quarterly expectations, reporting $0.83 in adjusted earnings per share versus a $0.66 consensus estimate and $15.68 billion in revenue, up 12.5% year over year. This provides some fundamental support, although investors are focused more heavily on forward PC demand. HP Inc. earnings preview: What to expect
Neutral Sentiment: Insider Anneliese Olson sold approximately $618,542 of HP stock to cover tax withholding tied to vested equity awards. Because the sale was described as tax-related rather than discretionary, it is a limited signal about management’s outlook. Insider Selling: HP Insider Sells $618,542.32 in Stock
Negative Sentiment: Intel’s warning that memory shortages are constraining PC demand triggered selling across computer and server makers, including HP. Investors fear tighter component availability, weaker PC shipments and margin pressure could weigh on HP’s upcoming results. Dell Sinks as Intel’s Warning Hits Hardware Stocks
Negative Sentiment: Intel’s weak guidance and margin concerns reinforced fears of a broader PC-market downturn, increasing pressure on HP’s consumer-computing business and near-term earnings outlook. Silicon Shock: Intel’s 25% Valuation Reset
Negative Sentiment: Zacks Research downgraded HP from “strong buy” to “hold,” adding to the cautious tone surrounding the stock. Broader analyst sentiment remains restrained, with concerns about slowing PC demand despite HP’s inexpensive valuation. Zacks Research stock recommendations

About HP

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HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.