HP Inc. (HPQ) is a tech company based in Palo Alto, California, with a market cap of $17.8 billion. While HPQ has lagged behind the market, its stock has declined 40.5% over the past year. On Jan. 20, HPQ shares dropped 2.8% after Morgan Stanley adopted a cautious outlook on the U.S. IT hardware sector. Analysts expect HPQ’s EPS to decline 2.9% this fiscal year. The consensus rating for HPQ is “Hold,” with some analysts suggesting a “Strong Sell” rating. AllianceBernstein analyst Mark Newman set a price target of $30, indicating a 54.7% potential upside.
Read more at Barchart: HP Inc. Stock: Analyst Estimates & Ratings
