HP Inc. (HPQ)

HP Inc. Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for HP Inc. stock have an average target of 35.18, with a low estimate of 30 and a high estimate of 40. The average target predicts a decrease of -4.58% from the current stock price of 36.87.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$30	$35.18	$36	$40
Change	-18.63%	-4.58%	-2.36%	+8.49%

* Price targets were last updated on Oct 1, 2024.

Analyst Ratings

The average analyst rating for HP Inc. stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	4	4	4	3	2	1
Buy	3	3	2	2	2	2
Hold	4	4	5	6	7	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	12	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Asiya Merchant Citigroup	Citigroup	Strong Buy → Hold Downgrades $37	Strong Buy → Hold	Downgrades	$37	+0.35%	Oct 1, 2024
Wamsi Mohan B of A Securities	B of A Securities	Strong Buy → Hold Downgrades $37	Strong Buy → Hold	Downgrades	$37	+0.35%	Sep 27, 2024
Ananda Baruah Loop Capital	Loop Capital	Hold Maintains $37 → $35	Hold	Maintains	$37 → $35	-5.07%	Sep 5, 2024
Erik Woodring Morgan Stanley	Morgan Stanley	Hold Maintains $37 → $36	Hold	Maintains	$37 → $36	-2.36%	Aug 29, 2024
Tim Long Barclays	Barclays	Hold Maintains $33 → $32	Hold	Maintains	$33 → $32	-13.21%	Aug 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

54.03B

Increased by 0.58%

from 53.72B

Revenue Next Year

55.86B

Increased by 3.38%

from 54.03B

EPS This Year

3.42

Increased by 4.85%

from 3.26

EPS Next Year

3.64

Increased by 6.53%

from 3.42

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2019	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026
Revenue	58.76B	56.64B	63.46B	62.91B	53.72B	54.03B	55.86B	57.62B
Revenue Growth	0.49%	-3.60%	12.04%	-0.87%	-14.61%	0.58%	3.38%	3.15%
EPS	2.07	2.00	5.36	2.98	3.26	3.42	3.64	3.93
EPS Growth	-36.50%	-3.38%	168.00%	-44.40%	9.40%	4.85%	6.53%	7.86%
Forward PE	-	-	-	-	-	10.79	10.13	9.39
No. Analysts	-	-	-	-	-	19	19	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	56.5B	59.5B	60.7B
Avg	54.0B	55.9B	57.6B
Low	52.0B	52.8B	54.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	5.1%	10.1%	8.7%
Avg	0.6%	3.4%	3.2%
Low	-3.1%	-2.3%	-2.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.59	3.96	4.33
Avg	3.42	3.64	3.93
Low	3.26	3.35	3.42

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	10.2%	15.8%	18.8%
Avg	4.9%	6.5%	7.9%
Low	0.1%	-1.9%	-6.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.