Goldman Sachs Downgrades HP Inc (HPQ) to Sell

​HP Inc. (NYSE:HPQ) is one of the Most Undervalued Tech Stocks to Buy in 2026. On January 13, Mike Ng from Goldman Sachs downgraded HP Inc. (NYSE:HPQ) from Hold to Sell and lowered the price target from $24 to $21.

​The firm downgraded the stock, noting concerns regarding pressures affecting the company’s PC margins and slowing demand. Although Goldman Sachs sees HPQ as a leading company that aims to return 100% free cash flow to shareholders. The firm also likes the company’s ability to protect its market share for both its segments. Regardless, Goldman Sachs noted  that the increased exposure of the company in the PC market reflects downside risk for HPQ’s 2026 and 2027 estimates.

​That said, on January 6, HP Inc. (NYSE:HPQ) unveiled its HyperX OMEN MAX 16 gaming laptop at CES 2026. Management noted that the laptop delivers up to 300W Total Platform Power through Intel Core Ultra 200HX series processors. Moreover, it also features AMD Ryzen AI processors along with NVIDIA GeForce RTX 5090 Laptop GPU.

​HP Inc. (NYSE:HPQ) is a global technology company specializing in personal computing, printing, and related services.

While we acknowledge the potential of HPQ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HPQ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.