HP Inc. Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for HP Inc. stock have an average target of 33.11, with a low estimate of 24 and a high estimate of 40. The average target predicts an increase of 19.88% from the current stock price of 27.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$24	$33.11	$33	$40
Change	-13.11%	+19.88%	+19.48%	+44.82%

* Price targets were last updated on Feb 29, 2024.

Analyst Ratings

The average analyst rating for HP Inc. stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	3	3	3	4	4	4
Buy	1	3	3	3	3	3
Hold	6	3	3	3	3	2
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	10	10	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tim Long Barclays	Barclays	Sell Maintains $22 → $24	Sell	Maintains	$22 → $24	-13.11%	Feb 29, 2024
Stephen Bersey HSBC	HSBC	Hold → Strong Buy Upgrades $30 → $33	Hold → Strong Buy	Upgrades	$30 → $33	+19.48%	Feb 14, 2024
Erik Woodring Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $31 → $35	Hold → Buy	Upgrades	$31 → $35	+26.72%	Dec 12, 2023
Amit Daryanani Evercore ISI Group	Evercore ISI Group	Hold → Buy Upgrades $33 → $40	Hold → Buy	Upgrades	$33 → $40	+44.82%	Dec 11, 2023
Amit Daryanani Evercore ISI Group	Evercore ISI Group	Hold Reiterates $33	Hold	Reiterates	$33	+19.48%	Nov 20, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

54.23B

from 53.72B

0.96%

from 53.72B

Revenue Next Year

56.04B

from 54.23B

3.33%

from 54.23B

EPS This Year

3.46

from 3.26

6.21%

from 3.26

EPS Next Year

3.67

from 3.46

6.00%

from 3.46

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	58.76B	56.64B	63.46B	62.91B	53.72B	54.23B	56.04B	57.48B	59.33B	60.30B
Revenue Growth	0.49%	-3.60%	12.04%	-0.87%	-14.61%	0.96%	3.33%	2.58%	3.22%	1.63%
EPS	2.07	1.98	5.36	2.98	3.26	3.46	3.67	3.78	3.37	3.78
EPS Growth	-36.50%	-4.35%	170.71%	-44.40%	9.40%	6.21%	6.00%	2.94%	-10.71%	11.98%
No. Analysts	-	-	-	-	-	18	16	8	2	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	57.0B	59.8B	61.4B	61.7B	62.7B
Avg	54.2B	56.0B	57.5B	59.3B	60.3B
Low	51.6B	51.9B	54.1B	57.6B	58.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	6.0%	10.3%	9.5%	7.3%	5.7%
Avg	1.0%	3.3%	2.6%	3.2%	1.6%
Low	-3.9%	-4.2%	-3.5%	0.2%	-1.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.73	4.09	4.29	3.51	3.93
Avg	3.46	3.67	3.78	3.37	3.78
Low	3.19	2.87	2.84	3.27	3.67

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	14.5%	18.1%	16.8%	-7.2%	16.4%
Avg	6.2%	6.0%	2.9%	-10.7%	12.0%
Low	-2.0%	-17.1%	-22.6%	-13.4%	8.7%

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.