We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where HP Inc. (NYSE:HPQ) stands against other AI stocks that are gaining Wall Street’s attention.
On May 29, UBS analyst David Vogt lowered the price target on HP Inc. (NYSE:HPQ) to $26.00 (from $37.00) while maintaining a “Neutral” rating. HP Inc. is a technology company that specializes in personal computing and printing solutions.
The rating adjustment follows HP Inc.’s financial results, which demonstrated a solid revenue of $53.88 billion. However, increased tariffs and commodity costs have severely impacted the company’s Printing Systems (PS) margins. Due to these reasons, the company also had a miss in earnings per share (EPS) and a major downward revision of the fiscal year 2025 EPS guidance.
A laptop, showing off the companys sleek notebook computers and workstations.
The analyst further stated that the revised EPS forecast and the consequent impact on HP’s share price are likely to be considerable. The firm’s report has also revealed a tempered outlook for the PC market, now anticipated to experience low-single-digit growth in calendar year 2025 as compared to the previously forecast 4-5% growth.
Erratic tariff proposals have led to disruptions in demand across Enterprise and Consumer markets, which have led to a change in the projection. The firm has therefore maintained a neutral rating on the stock based on the uncertainty in tariffs in China, Southeast Asia, and Latin America.
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This article is originally published at Insider Monkey.
