HP Inc (HPQ) Gets Price Target Cut as BofA Warns of Tariff Impact on 2025 Outlook

We recently published a list of 12 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where HP Inc. (NYSE:HPQ) stands against other AI stocks on latest news and ratings.

On May 28, BofA reduced its price target for HP Inc. (NYSE:HPQ) from $35 to $33 while maintaining a “Neutral” rating on the stock. HP Inc. is a technology company that specializes in personal computing and printing solutions.

The firm’s rating was issued before the earnings report scheduled for May 28. The firm adjusted its expectations for the fiscal year 2025. While it originally expected that personal systems revenue would be more heavily weighted towards the second half, it now forecasts a more even distribution throughout the year due to tariffs-related demand shifts.

HP Inc (HPQ) Gets Price Target Cut as BofA Warns of Tariff Impact on 2025 Outlook

A laptop, showing off the companys sleek notebook computers and workstations.

The firm also noted how tariff impacts are a risk to HPQ’s fiscal guidance unless it resorts to further cost-saving measures. Currently, the firm forecasts fiscal second-quarter earnings per share (EPS) at $0.78. This is slightly below the Street’s consensus of $0.81.

The firm is of the belief that EPS growth for the company will likely be from share repurchases, which has led to a neutral rating toward the stock.

Overall, HPQ ranks 10th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of HPQ as an investment, 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.