JPMorgan Lifts Price Target on HP Inc. (HPQ), Maintains Overweight

HP Inc. (NYSE:HPQ) is one of the Trending AI Stocks on Wall StreetOn August 28, JPMorgan analyst Samik Chatterjee raised the price target on the stock to $30.00 (from $27.00) while maintaining an Overweight rating.

The rating affirmation follows the company’s fiscal third-quarter report, demonstrating strong demand trends in the PC market.

The analysts state that these trends are anticipated to reduce the risk of lowered estimates for fiscal 2025, thereby offering a positive outlook for HPQ moving forward.

HP Inc. (NYSE:HPQ) is a technology company that specializes in personal computing and printing solutions.

While we acknowledge the risk and potential of HPQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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