HP (HPQ) Stock Forecast, Price Target & Predictions

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HPQ Stock Forecast

HP stock forecast is as follows: an average price target of $33.55 (represents a -9.00% downside from HPQ’s last price of $36.87) and a rating consensus of 'Hold', based on 16 wall street analysts offering a 1-year stock forecast.

HPQ Price Target

The average price target for HP (HPQ) is $33.55 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $27.00. This represents a potential -9.00% downside from HPQ's last price of $36.87.

HPQ Analyst Ratings

Hold

According to 16 Wall Street analysts, HP's rating consensus is 'Hold'. The analyst rating breakdown for HPQ stock is 0 'Strong Buy' (0.00%), 5 'Buy' (31.25%), 10 'Hold' (62.50%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).

HP Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 09, 2024	Asiya Merchant	Citigroup	$37.00	$36.00	2.78%	0.35%
Sep 27, 2024	Wamsi Mohan	Bank of America Securities	$37.00	$36.85	0.41%	0.35%
Sep 05, 2024	Ananda Baruah	Loop Capital Markets	$35.00	$34.85	0.43%	-5.07%
May 30, 2024	Erik Woodring	Morgan Stanley	$37.00	$32.80	12.80%	0.35%
May 30, 2024	Michael Ng	Goldman Sachs	$33.00	$32.80	0.61%	-10.50%
May 21, 2024	Tim Long	Barclays	$30.00	$31.82	-5.72%	-18.63%
Apr 01, 2024	Tim Long	Barclays	$24.00	$30.22	-20.58%	-34.91%
Feb 14, 2024	Stephen Bersey	HSBC	$33.00	$28.58	15.47%	-10.50%
Nov 22, 2023	Erik Woodring	Morgan Stanley	$31.00	$28.68	8.11%	-15.92%
Nov 23, 2022	Erik Woodring	Morgan Stanley	$24.00	$29.91	-19.76%	-34.91%

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The latest HP stock forecast, released on Oct 09, 2024 by Asiya Merchant from Citigroup, set a price target of $37.00, which represents a 2.78% increase from the stock price at the time of the forecast ($36.00), and a 0.35% increase from HPQ last price ($36.87).

HP Price Target by Period

	1M	3M	12M
# Anlaysts	-	3	9
Avg Price Target	-	$36.33	$33.00
Last Closing Price	$36.87	$36.87	$36.87
Upside/Downside	-100.00%	-1.46%	-10.50%

In the current month, the average price target of HP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to HP's last price of $36.87. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 01, 2024	Citigroup	Buy	Neutral	Downgrade
Sep 24, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Sep 05, 2024	Loop Capital Markets	Hold	Hold	Hold
Aug 29, 2024	UBS	Neutral	Neutral	Hold
Aug 19, 2024	Morgan Stanley	Overweight	Equal-Weight	Downgrade
Aug 14, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Aug 14, 2024	Cowen & Co.	Hold	Hold	Hold
Jul 02, 2024	Citigroup	Buy	Buy	Hold
May 30, 2024	Cowen & Co.	Hold	Hold	Hold
May 30, 2024	Citigroup	Buy	Buy	Hold

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HP's last stock rating was published by Citigroup on Oct 01, 2024. The company Downgrade its HPQ rating from "Buy" to "Neutral".

HP Financial Forecast

HP Revenue Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	$13.19B	-	$13.20B	-	$13.83B	$14.80B	$14.66B	-	$16.68B	$15.29B	$15.88B	-	$15.26B	$14.29B	$12.47B	-	$15.41B	$14.60B	$14.04B
Avg Forecast	$14.75B	$14.02B	$13.00B	$14.10B	$14.32B	$13.86B	$13.10B	$13.66B	$13.99B	$13.43B	$12.61B	$13.56B	$13.78B	$13.30B	$13.07B	$14.10B	$14.69B	$15.59B	$16.16B	$16.52B	$15.39B	$15.90B	$14.98B	$15.00B	$14.69B	$13.34B	$12.93B	$14.63B	$15.27B	$14.62B
High Forecast	$14.91B	$14.17B	$13.14B	$14.25B	$14.48B	$14.00B	$13.24B	$13.68B	$14.04B	$13.45B	$12.61B	$13.57B	$13.87B	$13.44B	$13.21B	$14.25B	$14.89B	$15.80B	$16.38B	$16.74B	$15.60B	$16.12B	$15.19B	$15.20B	$14.89B	$13.53B	$13.10B	$14.83B	$15.48B	$14.82B
Low Forecast	$14.61B	$13.88B	$12.87B	$13.96B	$14.18B	$13.72B	$12.97B	$13.65B	$13.93B	$13.40B	$12.61B	$13.56B	$13.66B	$13.17B	$12.94B	$13.96B	$14.45B	$15.34B	$15.91B	$16.26B	$15.15B	$15.65B	$14.75B	$14.76B	$14.46B	$13.13B	$12.72B	$14.40B	$15.03B	$14.39B
# Analysts	2	2	2	2	1	1	1	5	6	3	3	3	7	3	3	4	3	4	5	2	3	3	3	3	6	4	6	4	5	3
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.97%	-	0.99%	-	0.98%	1.01%	0.94%	-	1.01%	0.99%	1.00%	-	1.02%	0.97%	0.93%	-	1.05%	0.96%	0.96%

HP's average Quarter revenue forecast for May 24 based on 3 analysts is $12.61B, with a low forecast of $12.61B, and a high forecast of $12.61B. HPQ's average Quarter revenue forecast represents a -4.39% decrease compared to the company's last Quarter revenue of $13.19B (Jan 24).

HP EBITDA Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	2	2	2	2	1	1	1	5	6	3	3	3	7	3	3	4	3	4	5	2	3	3	3	3	6	4	6	4	5	3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$935.00M	-	$1.42B	-	$1.42B	$1.59B	$1.59B	-	$1.57B	$1.69B	$1.64B	-	$1.07B	$1.11B	$1.17B	-	$914.00M	$503.00M	$1.21B
Avg Forecast	$1.30B	$1.23B	$1.14B	$1.24B	$1.26B	$1.22B	$1.15B	$1.20B	$1.23B	$1.18B	$1.70B	$1.19B	$1.21B	$1.17B	$1.54B	$3.91B	$1.47B	$1.56B	$1.40B	$1.65B	$1.54B	$1.59B	$946.67M	$1.50B	$1.47B	$1.34B	$903.00M	$1.46B	$1.53B	$1.46B
High Forecast	$1.31B	$1.25B	$1.16B	$1.25B	$1.27B	$1.23B	$1.16B	$1.20B	$1.24B	$1.18B	$2.04B	$1.19B	$1.22B	$1.18B	$1.85B	$4.69B	$1.49B	$1.58B	$1.69B	$1.68B	$1.56B	$1.61B	$1.14B	$1.52B	$1.49B	$1.35B	$1.08B	$1.48B	$1.55B	$1.48B
Low Forecast	$1.29B	$1.22B	$1.13B	$1.23B	$1.25B	$1.21B	$1.14B	$1.20B	$1.23B	$1.18B	$1.36B	$1.19B	$1.20B	$1.16B	$1.24B	$3.13B	$1.45B	$1.54B	$1.12B	$1.63B	$1.52B	$1.57B	$757.33M	$1.48B	$1.45B	$1.31B	$722.40M	$1.44B	$1.50B	$1.44B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.78%	-	1.21%	-	0.36%	1.08%	1.02%	-	0.95%	1.09%	1.03%	-	0.71%	0.76%	0.88%	-	0.62%	0.33%	0.82%

3 analysts predict HPQ's average Quarter EBITDA for May 24 to be $1.70B, with a high of $2.04B and a low of $1.36B. This is 81.76% upper than HP's previous annual EBITDA (Jan 24) of $935.00M.

HP Net Income Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	2	2	2	2	1	1	1	5	6	3	3	3	7	3	3	4	3	4	5	2	3	3	3	3	6	4	6	4	5	3
Net Income	-	-	-	-	-	-	-	-	-	-	-	$622.00M	-	$766.00M	-	$487.00M	$-2.00M	$1.12B	-	$3.10B	$1.11B	$1.11B	-	$1.07B	$668.00M	$734.00M	-	$678.00M	$1.18B	$1.18B
Avg Forecast	$1.01B	$930.84M	$896.97M	$871.43M	$951.88M	$915.66M	$858.37M	$846.82M	$919.04M	$841.67M	$1.21B	$802.30M	$890.16M	$846.81M	$1.10B	$3.18B	$828.67M	$1.03B	$1.00B	$1.01B	$874.14M	$828.01M	$647.27M	$654.96M	$517.19M	$424.62M	$539.89M	$530.91M	$572.16M	$542.33M
High Forecast	$1.03B	$943.78M	$909.44M	$883.55M	$965.12M	$928.39M	$870.30M	$875.36M	$928.92M	$847.03M	$1.45B	$803.58M	$919.83M	$858.58M	$1.32B	$3.81B	$843.36M	$1.05B	$1.20B	$1.03B	$889.64M	$842.69M	$776.73M	$666.58M	$526.35M	$432.14M	$647.87M	$540.32M	$582.31M	$551.94M
Low Forecast	$998.13M	$918.89M	$885.46M	$860.24M	$939.66M	$903.90M	$847.35M	$818.27M	$899.28M	$836.30M	$968.80M	$801.01M	$880.27M	$835.94M	$880.72M	$2.54B	$811.70M	$1.01B	$800.66M	$991.80M	$856.24M	$811.05M	$517.82M	$641.55M	$506.59M	$415.93M	$431.91M	$520.04M	$560.44M	$531.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.78%	-	0.90%	-	0.15%	-0.00%	1.09%	-	3.06%	1.27%	1.34%	-	1.63%	1.29%	1.73%	-	1.28%	2.06%	2.17%

HP's average Quarter net income forecast for May 24 is $1.21B, with a range of $968.80M to $1.45B. HPQ's average Quarter net income forecast represents a 94.69% increase compared to the company's last Quarter net income of $622.00M (Jan 24).

HP SG&A Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	2	2	2	2	1	1	1	5	6	3	3	3	7	3	3	4	3	4	5	2	3	3	3	3	6	4	6	4	5	3
SG&A	-	-	-	-	-	-	-	-	-	-	-	$1.38B	-	$1.30B	-	$1.33B	$1.19B	$1.14B	-	$1.44B	$1.41B	$1.48B	-	$1.46B	$1.16B	$1.22B	-	$1.41B	$1.38B	$1.34B
Avg Forecast	$1.33B	$1.27B	$1.17B	$1.27B	$1.29B	$1.25B	$1.18B	$1.23B	$1.26B	$1.21B	$1.64B	$1.23B	$1.24B	$1.20B	$1.49B	$1.47B	$1.33B	$1.41B	$1.35B	$1.49B	$1.39B	$1.44B	$833.94M	$1.35B	$1.33B	$1.21B	$1.03B	$1.32B	$1.38B	$1.32B
High Forecast	$1.35B	$1.28B	$1.19B	$1.29B	$1.31B	$1.27B	$1.20B	$1.24B	$1.27B	$1.22B	$1.96B	$1.23B	$1.25B	$1.21B	$1.79B	$1.77B	$1.34B	$1.43B	$1.62B	$1.51B	$1.41B	$1.46B	$1.00B	$1.37B	$1.35B	$1.22B	$1.23B	$1.34B	$1.40B	$1.34B
Low Forecast	$1.32B	$1.25B	$1.16B	$1.26B	$1.28B	$1.24B	$1.17B	$1.23B	$1.26B	$1.21B	$1.31B	$1.23B	$1.23B	$1.19B	$1.19B	$1.18B	$1.31B	$1.39B	$1.08B	$1.47B	$1.37B	$1.41B	$667.15M	$1.33B	$1.31B	$1.19B	$821.78M	$1.30B	$1.36B	$1.30B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.13%	-	1.08%	-	0.90%	0.90%	0.81%	-	0.96%	1.01%	1.03%	-	1.08%	0.87%	1.01%	-	1.06%	1.00%	1.01%

HP's average Quarter SG&A projection for May 24 is $1.64B, based on 3 Wall Street analysts, with a range of $1.31B to $1.96B. The forecast indicates a 18.36% rise compared to HPQ last annual SG&A of $1.38B (Jan 24).

HP EPS Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	2	2	2	2	1	1	1	5	6	3	3	3	7	3	3	4	3	4	5	2	3	3	3	3	6	4	6	4	5	3
EPS	-	-	-	-	-	-	-	-	-	-	-	$0.62	-	$0.77	-	$0.49	$-0.00	$1.09	-	$2.75	$0.94	$1.00	-	$0.50	$0.52	$0.53	-	$0.26	$0.79	$0.51
Avg Forecast	$1.02	$0.94	$0.91	$0.88	$0.96	$0.92	$0.87	$0.86	$0.93	$0.85	$0.81	$0.81	$0.90	$0.86	$0.76	$0.74	$0.84	$1.04	$1.05	$1.02	$0.88	$0.84	$0.89	$0.66	$0.52	$0.43	$0.44	$0.54	$0.58	$0.55
High Forecast	$1.04	$0.95	$0.92	$0.89	$0.97	$0.94	$0.88	$0.88	$0.94	$0.86	$0.81	$0.81	$0.93	$0.87	$0.77	$0.75	$0.85	$1.06	$1.07	$1.04	$0.90	$0.85	$0.91	$0.67	$0.53	$0.44	$0.45	$0.55	$0.59	$0.56
Low Forecast	$1.01	$0.93	$0.89	$0.87	$0.95	$0.91	$0.86	$0.83	$0.91	$0.84	$0.81	$0.81	$0.89	$0.84	$0.75	$0.73	$0.82	$1.02	$1.03	$1.00	$0.86	$0.82	$0.87	$0.65	$0.51	$0.42	$0.43	$0.53	$0.57	$0.54
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.77%	-	0.90%	-	0.66%	-0.00%	1.05%	-	2.69%	1.06%	1.20%	-	0.76%	1.00%	1.24%	-	0.48%	1.37%	0.93%

According to 3 Wall Street analysts, HP's projected average Quarter EPS for May 24 is $0.81, with a low estimate of $0.81 and a high estimate of $0.81. This represents a 30.84% increase compared to HPQ previous annual EPS of $0.62 (Jan 24).

HP Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SMCI	Super Micro Computer	$28.27	$529.36	1772.52%	Buy
DDD	3D Systems	$3.01	$7.25	140.86%	Buy
QBTS	D-Wave Quantum	$1.49	$2.75	84.56%	Buy
CRCT	Cricut	$5.24	$8.25	57.44%	Hold
SSYS	Stratasys	$9.19	$12.25	33.30%	Buy
DM	Desktop Metal	$4.13	$5.25	27.12%	Hold
CAN	Canaan	$1.59	$2.00	25.79%	Buy
PSTG	Pure Storage	$49.90	$61.89	24.03%	Buy
WDC	Western Digital	$65.29	$78.17	19.73%	Buy
STX	Seagate Technology	$97.80	$113.84	16.40%	Buy
HPQ	HP	$36.87	$33.55	-9.00%	Hold
NTAP	NetApp	$122.20	$110.56	-9.53%	Buy
DELL	Dell	$135.90	$115.26	-15.19%	Buy
ANET	Arista Networks	$377.70	$235.35	-37.69%	Buy
IONQ	IonQ	$27.89	$16.00	-42.63%	Buy

HPQ Forecast FAQ

Is HP a good buy?

No, according to 16 Wall Street analysts, HP (HPQ) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 31.25% of HPQ's total ratings.

What is HPQ's price target?

HP (HPQ) average price target is $33.55 with a range of $27 to $40, implying a -9.00% from its last price of $36.87. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will HP stock go up soon?

According to Wall Street analysts' prediction for HPQ stock, the company can go down by -9.00% (from the last price of $36.87 to the average price target of $33.55), up by 8.49% based on the highest stock price target, and down by -26.77% based on the lowest stock price target.

Can HP stock reach $60?

HPQ's average twelve months analyst stock price target of $33.55 does not support the claim that HP can reach $60 in the near future.

What are HP's analysts' financial forecasts?

HP's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $54.94B (high $55.4B, low $54.52B), average EBITDA is $4.83B (high $4.87B, low $4.8B), average net income is $3.57B (high $3.64B, low $3.51B), average SG&A $4.96B (high $5B, low $4.93B), and average EPS is $3.61 (high $3.68, low $3.54). HPQ's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $55.88B (high $56.48B, low $55.33B), average EBITDA is $4.92B (high $4.97B, low $4.87B), average net income is $3.71B (high $3.76B, low $3.66B), average SG&A $5.05B (high $5.1B, low $5B), and average EPS is $3.75 (high $3.8, low $3.7).

Did the HPQ's actual financial results beat the analysts' financial forecasts?

Based on HP's last annual report (Oct 2022), the company's revenue was $62.98B, beating the average analysts forecast of $62.95B by 0.05%. Apple's EBITDA was $6.6B, beating the average prediction of $6.09B by 8.48%. The company's net income was $3.2B, missing the average estimation of $3.87B by -17.24%. Apple's SG&A was $5.26B, missing the average forecast of $5.58B by -5.66%. Lastly, the company's EPS was $3.09, missing the average prediction of $3.95 by -21.77%. In terms of the last quarterly report (Jan 2024), HP's revenue was $13.18B, missing the average analysts' forecast of $13.56B by -2.79%. The company's EBITDA was $935M, missing the average prediction of $1.19B by -21.65%. HP's net income was $622M, missing the average estimation of $802.3M by -22.47%. The company's SG&A was $1.38B, beating the average forecast of $1.23B by 12.87%. Lastly, the company's EPS was $0.62, missing the average prediction of $0.81 by -23.49%