13 Best Depressed Stocks to Buy Right Now

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7. HP Inc. (NYSE:HPQ)

Market Price: $21.18

52-week Low: $20.65

Number of Hedge Fund Holders: 42

HP Inc. (NYSE:HPQ) is one of the Best Depressed Stocks to Buy Right Now. On January 8., analyst Wamsi Mohan of Bank of America Securities maintained a “Hold” rating on the company’s stock, retaining the price objective of $26.00. The analyst’s rating is backed by a combination of factors, which balance the company’s opportunities with its risks. The analyst noted that HP Inc. (NYSE:HPQ) has several tools to cushion the impact of elevated memory costs.

These include diversifying suppliers, adjusting product configurations, controlling non-memory costs, as well as focusing on higher-margin peripherals. That being said, these actions mainly stabilize earnings rather than fueling the significant upside, added Mohan.

In a separate update, HP Inc. (NYSE:HPQ) announced that, at CES 2026, it debuted new technologies, which place personal fulfilment as the next frontier for fueling business growth. Notably, the company’s newest form factor, the HP EliteBoard G1a, happens to be the world’s first full AI PC built into a keyboard.

HP Inc. (NYSE:HPQ) provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies.

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