5 Trending Stocks to Watch on Monday

4. HP Inc. (NYSE:HPQ) has slid 0.46% as of 11:00 AM ET after the Palo Alto, California-based computer hardware company received a downgrade in rating from Jim Suva at Citi. The analyst downgraded HP Inc. (NYSE:HPQ) stock from a Buy to a Neutral rating and also slashed the target price from $40 to $38. The revised target provides a potential upside of 9.6% from the previous closing price. The analyst anticipates a 9% YoY decline in the PC market as opposed to the prior expectation of flat unit growth. Suva has cited the supply chain disruptions and the COVID-related lockdowns in China as the primary reason for the weakness in the PC market.

The shares of HP Inc. (NYSE:HPQ) were held by 39 hedge funds at the end of Q4 2021. Berkshire Hathaway was long over 104 million shares of HP Inc. (NYSE:HPQ) as of Q1 2022.