5 Undervalued Stocks to Buy Now

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1. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 34

PE Ratio: 7.13

At the end of the third quarter, 34 hedge funds out of 867 tracked by Insider Monkey reported ownership of stakes in HP Inc. (NYSE:HPQ), with a combined value of $1.04 billion.

HP Inc. (NYSE:HPQ) is a tech company that offers personal computers, printers and various other products and services through its segments: Personal Systems, Printing, and Corporate Investments.

On November 24, Evercore ISI analyst Amit Daryanani set a $40 price target on HP Inc. (NYSE:HPQ), up from $35. The analyst kept his firm’s ‘Outperform’ rating on the company stock, seeing the tech giant poised to deliver upside on revenue, free cash flow and EPS as long as growth remains flat to modest on PCs. The analyst noted that supply chain issues would likely persist till mid 2022, hampering the company’s ability to supply PCs to true end-demand.

You can also take a look at 10 Emerging Energy Technologies You Can Invest In Today and Value Investor Bill Miller’s Top 10 Stock Picks.

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