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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 $36.33 (represents a 10.29% upside from HPQ’s last price of $32.94) 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 $36.33 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $37.00 to $35.00. This represents a potential 10.29% upside from HPQ's last price of $32.94.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 09, 2024Asiya MerchantCitigroup$37.00$36.002.78%12.33%
Sep 27, 2024Wamsi MohanBank of America Securities$37.00$36.850.41%12.33%
Sep 05, 2024Ananda BaruahLoop Capital Markets$35.00$34.850.43%6.25%
May 30, 2024Erik WoodringMorgan Stanley$37.00$32.8012.80%12.33%
May 30, 2024Michael NgGoldman Sachs$33.00$32.800.61%0.18%
May 21, 2024Tim LongBarclays$30.00$31.82-5.72%-8.93%
Apr 01, 2024Tim LongBarclays$24.00$30.22-20.58%-27.14%
Feb 14, 2024Stephen BerseyHSBC$33.00$28.5815.47%0.18%
Nov 22, 2023Erik WoodringMorgan Stanley$31.00$28.688.11%-5.89%
Nov 23, 2022Erik WoodringMorgan Stanley$24.00$29.91-19.76%-27.14%
Nov 18, 2022Jim SuvaCitigroup$31.00$29.365.59%-5.89%
Sep 24, 2022Toni Sacconaghi SacconaghiBernstein$30.00$25.3518.34%-8.93%
Aug 31, 2022Tim LongBarclays$27.00$29.33-7.94%-18.03%
Aug 19, 2022Aaron RakersWells Fargo$30.00$35.23-14.85%-8.93%
Jun 01, 2022Tim LongBarclays$32.00$40.37-20.73%-2.85%
Apr 11, 2022David VogtUBS$40.00$38.194.74%21.43%
Apr 04, 2022Erik WoodringMorgan Stanley$34.00$36.64-7.21%3.22%
Jan 17, 2022Toni SacconaghiBernstein$40.00$38.424.11%21.43%
Nov 01, 2021Ananda BaruahLoop Capital Markets$50.00$30.8262.23%51.79%
May 28, 2021Jim SuvaCitigroup$40.00$28.4640.55%21.43%
May 24, 2021Krish SankarCowen & Co.$27.00$31.46-14.18%-18.03%

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 12.33% increase from HPQ last price ($32.94).

HP Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$37.00$33.25
Last Closing Price$32.94$32.94$32.94
Upside/Downside-100.00%12.33%0.94%

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 $32.94. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 01, 2024CitigroupBuyNeutralDowngrade
Sep 24, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 05, 2024Loop Capital MarketsHoldHoldHold
Aug 29, 2024UBSNeutralNeutralHold
Aug 19, 2024Morgan StanleyOverweightEqual-WeightDowngrade
Aug 14, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 14, 2024Cowen & Co.HoldHoldHold
Jul 02, 2024CitigroupBuyBuyHold
May 30, 2024Cowen & Co.HoldHoldHold
May 30, 2024CitigroupBuyBuyHold
May 30, 2024Wells FargoUnderweightUnderweightHold
May 30, 2024Morgan StanleyOverweightOverweightHold
May 30, 2024BarclaysEqual-WeightEqual-WeightHold
May 30, 2024Goldman SachsNeutralNeutralHold
May 21, 2024BarclaysUnderweightEqual-WeightUpgrade
May 16, 2024Bank of America SecuritiesBuyBuyHold
Apr 01, 2024BarclaysUnderweightUnderweightHold
Feb 14, 2024HSBCBuyUpgrade
Feb 01, 2024Deutsche BankHoldHoldHold
Dec 12, 2023Morgan StanleyEqual-WeightOverweightUpgrade
Nov 22, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Nov 13, 2023CitigroupPositiveBuyUpgrade
Nov 13, 2023CitigroupSellPositiveUpgrade
Nov 07, 2023Edward JonesBuyUpgrade
Oct 03, 2023Raymond JamesNeutralOutperformDowngrade
Oct 03, 2023Goldman SachsBuyUpgrade
Jul 28, 2023BarclaysUnderweightUnderweightHold
May 31, 2023UBSNeutralNeutralHold
Apr 14, 2023CitigroupSellSellHold
Mar 01, 2023Raymond JamesNeutralNeutralHold
Nov 23, 2022Bank of America SecuritiesUnderperformUnderperformHold
Nov 23, 2022CitigroupNeutralNeutralHold
Nov 23, 2022Morgan StanleyUnderweightUnderweightHold
Nov 18, 2022Credit SuisseNeutralDowngrade
Sep 01, 2022Loop Capital MarketsHoldDowngrade
Aug 26, 2022Morgan StanleyUnderweightUnderweightHold
Aug 23, 2022CitigroupNeutralNeutralHold
Aug 19, 2022Wells FargoUnderweightDowngrade
Jun 10, 2022Evercore ISIOutperformOutperformHold
Jun 01, 2022BarclaysUnderweightUnderweightHold
Jun 01, 2022CitigroupNeutralNeutralHold
May 23, 2022CitigroupBuyDowngrade
Apr 04, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jan 17, 2022BernsteinMarket PerformMarket PerformHold

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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
Revenue---------------$13.19B-$13.20B-$13.83B$14.80B$14.66B-$16.68B$15.29B$15.88B-$15.26B$14.29B$12.47B
Avg Forecast$15.37B$14.33B$13.29B$13.84B$14.84B$14.21B$13.52B$13.92B$14.57B$13.86B$13.05B$13.40B$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
High Forecast$15.44B$14.40B$13.36B$13.90B$14.91B$14.28B$13.58B$13.99B$14.64B$13.93B$13.11B$13.42B$14.14B$13.45B$12.61B$13.57B$13.87B$13.36B$13.14B$14.17B$14.89B$15.80B$16.38B$16.74B$15.60B$16.12B$15.19B$15.20B$14.89B$13.53B
Low Forecast$15.27B$14.23B$13.20B$13.74B$14.74B$14.11B$13.42B$13.83B$14.47B$13.77B$12.96B$13.39B$13.82B$13.40B$12.61B$13.56B$13.66B$13.21B$12.98B$14.00B$14.45B$15.34B$15.91B$16.26B$15.15B$15.65B$14.75B$14.76B$14.46B$13.13B
# Analysts333333333336633373343452333364
Surprise %---------------0.97%-0.99%-0.98%1.01%0.94%-1.01%0.99%1.00%-1.02%0.97%0.93%

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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts333333333336633373343452333364
EBITDA---------------$935.00M-$1.42B-$1.42B$1.59B$1.59B-$1.57B$1.69B$1.64B-$1.07B$1.11B$1.17B
Avg Forecast$1.39B$1.29B$1.20B$1.25B$1.34B$1.28B$1.22B$1.26B$1.32B$1.25B$1.18B$1.21B$1.26B$1.21B$1.70B$1.23B$1.24B$1.20B$1.54B$3.91B$1.47B$1.56B$1.40B$1.65B$1.54B$1.59B$946.67M$1.50B$1.47B$1.34B
High Forecast$1.39B$1.30B$1.21B$1.26B$1.35B$1.29B$1.23B$1.26B$1.32B$1.26B$1.18B$1.21B$1.28B$1.21B$2.04B$1.23B$1.25B$1.21B$1.85B$4.69B$1.49B$1.58B$1.69B$1.68B$1.56B$1.61B$1.14B$1.52B$1.49B$1.35B
Low Forecast$1.38B$1.29B$1.19B$1.24B$1.33B$1.27B$1.21B$1.25B$1.31B$1.24B$1.17B$1.21B$1.25B$1.21B$1.36B$1.22B$1.23B$1.19B$1.24B$3.13B$1.45B$1.54B$1.12B$1.63B$1.52B$1.57B$757.33M$1.48B$1.45B$1.31B
Surprise %---------------0.76%-1.18%-0.36%1.08%1.02%-0.95%1.09%1.03%-0.71%0.76%0.88%

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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts333333333336633373343452333364
Net Income---------------$622.00M-$766.00M-$487.00M$-2.00M$1.12B-$3.10B$1.11B$1.11B-$1.07B$668.00M$734.00M
Avg Forecast$1.12B$998.02M$959.55M$888.05M$1.00B$945.94M$883.42M$837.21M$1.00B$910.56M$832.65M$720.88M$902.68M$825.52M$1.21B$786.90M$873.07M$830.55M$1.10B$3.18B$828.67M$1.03B$1.00B$1.01B$874.14M$828.01M$647.27M$654.96M$517.19M$424.62M
High Forecast$1.13B$1.00B$965.64M$893.69M$1.01B$951.95M$889.03M$842.52M$1.01B$916.33M$837.93M$730.62M$912.28M$830.78M$1.45B$788.16M$902.18M$835.83M$1.32B$3.81B$843.36M$1.05B$1.20B$1.03B$889.64M$842.69M$776.73M$666.58M$526.35M$432.14M
Low Forecast$1.11B$989.20M$951.07M$880.19M$993.78M$937.57M$875.60M$829.80M$992.55M$902.50M$825.28M$711.14M$873.87M$820.25M$968.80M$785.64M$863.37M$823.20M$880.72M$2.54B$811.70M$1.01B$800.66M$991.80M$856.24M$811.05M$517.82M$641.55M$506.59M$415.93M
Surprise %---------------0.79%-0.92%-0.15%-0.00%1.09%-3.06%1.27%1.34%-1.63%1.29%1.73%

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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts333333333336633373343452333364
SG&A---------------$1.38B-$1.30B-$1.33B$1.19B$1.14B-$1.44B$1.41B$1.48B-$1.46B$1.16B$1.22B
Avg Forecast$1.43B$1.34B$1.24B$1.29B$1.38B$1.32B$1.26B$1.30B$1.36B$1.29B$1.22B$1.25B$1.30B$1.25B$1.64B$1.26B$1.28B$1.24B$1.49B$1.47B$1.33B$1.41B$1.35B$1.49B$1.39B$1.44B$833.94M$1.35B$1.33B$1.21B
High Forecast$1.44B$1.34B$1.24B$1.30B$1.39B$1.33B$1.27B$1.30B$1.36B$1.30B$1.22B$1.25B$1.32B$1.25B$1.96B$1.26B$1.29B$1.25B$1.79B$1.77B$1.34B$1.43B$1.62B$1.51B$1.41B$1.46B$1.00B$1.37B$1.35B$1.22B
Low Forecast$1.42B$1.33B$1.23B$1.28B$1.37B$1.32B$1.25B$1.29B$1.35B$1.28B$1.21B$1.25B$1.29B$1.25B$1.31B$1.26B$1.27B$1.23B$1.19B$1.18B$1.31B$1.39B$1.08B$1.47B$1.37B$1.41B$667.15M$1.33B$1.31B$1.19B
Surprise %---------------1.09%-1.05%-0.90%0.90%0.81%-0.96%1.01%1.03%-1.08%0.87%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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts333333333336633373343452333364
EPS---------------$0.62-$0.77-$0.49$-0.00$1.09-$2.75$0.94$1.00-$0.50$0.52$0.53
Avg Forecast$1.15$1.03$0.99$0.91$1.03$0.97$0.91$0.86$1.03$0.94$0.86$0.74$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
High Forecast$1.16$1.03$0.99$0.92$1.04$0.98$0.92$0.87$1.04$0.94$0.86$0.75$0.94$0.86$0.81$0.81$0.93$0.86$0.76$0.74$0.85$1.06$1.07$1.04$0.90$0.85$0.91$0.67$0.53$0.44
Low Forecast$1.14$1.02$0.98$0.91$1.02$0.97$0.90$0.85$1.02$0.93$0.85$0.73$0.90$0.84$0.81$0.81$0.89$0.85$0.75$0.73$0.82$1.02$1.03$1.00$0.86$0.82$0.87$0.65$0.51$0.42
Surprise %---------------0.77%-0.90%-0.66%-0.00%1.05%-2.69%1.06%1.20%-0.76%1.00%1.24%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ANETArista Networks$112.95$400.00254.14%Buy
DMDesktop Metal$3.43$5.5060.35%Hold
SMCISuper Micro Computer$33.80$52.2154.47%Buy
WDCWestern Digital$64.64$85.0031.50%Buy
SSYSStratasys$9.99$12.5025.13%Buy
STXSeagate Technology$94.49$117.2224.06%Buy
DELLDell$118.28$145.7123.19%Buy
PSTGPure Storage$65.76$72.209.79%Buy
HPQHP$33.84$36.337.36%Hold
NTAPNetApp$122.49$125.432.40%Buy
DDD3D Systems$3.80$3.882.11%Buy
CRCTCricut$6.38$5.75-9.87%Hold
CANCanaan$2.97$2.00-32.66%Buy
IONQIonQ$43.84$20.00-54.38%Buy
QBTSD-Wave Quantum$8.40$2.00-76.19%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 $36.33 with a range of $35 to $37, implying a 10.29% from its last price of $32.94. 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 up by 10.29% (from the last price of $32.94 to the average price target of $36.33), up by 12.33% based on the highest stock price target, and up by 6.25% based on the lowest stock price target.

Can HP stock reach $50?

HPQ's average twelve months analyst stock price target of $36.33 does not support the claim that HP can reach $50 in the near future.

What are HP's analysts' financial forecasts?

HP's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $56.48B (high $56.76B, low $56.1B), average EBITDA is $5.1B (high $5.13B, low $5.07B), average net income is $3.67B (high $3.69B, low $3.64B), average SG&A $5.26B (high $5.29B, low $5.23B), and average EPS is $3.78 (high $3.8, low $3.75). HPQ's analysts financial forecasts for the fiscal year (Oct 2027) are as follows: average revenue is $56.82B (high $57.1B, low $56.44B), average EBITDA is $5.13B (high $5.16B, low $5.1B), average net income is $3.96B (high $3.99B, low $3.93B), average SG&A $5.3B (high $5.32B, low $5.26B), and average EPS is $4.08 (high $4.11, low $4.05).

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 $1.23B by -23.68%. HP's net income was $622M, missing the average estimation of $786.9M by -20.96%. The company's SG&A was $1.38B, beating the average forecast of $1.26B by 9.41%. Lastly, the company's EPS was $0.62, missing the average prediction of $0.81 by -23.49%