Wall Street filed antitrust lawsuit against HP for $14B Juniper Networks acquisition, causing 2% drop.

From Nasdaq: 2025-02-04 11:02:10

HP Inc. (HPQ) is a technology company valued at $30.5 billion, operating in personal systems, printing, and corporate investments. While HPQ stock has underperformed the market, it gained 11.6% in the past 52 weeks. The DOJ filed an antitrust lawsuit against HPQ’s $14 billion acquisition of Juniper Networks, causing HP shares to drop by 2%.

HPQ released Q4 earnings below expectations, with a 11.4% stock decline. Despite a 3.3% earnings growth, rising costs impacted margins. Analysts expect a 5.3% EPS growth for fiscal 2025. HPQ has a mixed earnings surprise history and a “Moderate Buy” consensus rating from analysts.

Bernstein analyst maintains a “Market Perform” rating on HPQ with a $34 price target. The mean price target is $37.11, indicating a 16% upside, while the highest target of $44 suggests a 37.5% potential increase. The author did not have positions in mentioned securities.



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