HP (HPQ) Stock Forecast, Price Target & Predictions
HPQ Stock Forecast
HP stock forecast is as follows: an average price target of $32.89 (represents a 10.67% upside from HPQ’s last price of $29.72) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
HPQ Price Target
The average price target for HP (HPQ) is $32.89 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $24.00. This represents a potential 10.67% upside from HPQ's last price of $29.72.
HPQ Analyst Ratings
According to 13 Wall Street analysts, HP's rating consensus is 'Buy'. The analyst rating breakdown for HPQ stock is 0 'Strong Buy' (0.00%), 7 'Buy' (53.85%), 4 'Hold' (30.77%), 2 'Sell' (15.38%), and 0 'Strong Sell' (0.00%).
HP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 01, 2024 | Tim Long | Barclays | $24.00 | $30.22 | -20.58% | -19.25% |
| Feb 14, 2024 | Stephen Bersey | HSBC | $33.00 | $28.58 | 15.47% | 11.04% |
| Nov 22, 2023 | Erik Woodring | Morgan Stanley | $31.00 | $28.68 | 8.11% | 4.31% |
| Nov 23, 2022 | Erik Woodring | Morgan Stanley | $24.00 | $29.91 | -19.76% | -19.25% |
| Nov 18, 2022 | Jim Suva | Citigroup | $31.00 | $29.36 | 5.59% | 4.31% |
| Sep 24, 2022 | Toni Sacconaghi Sacconaghi | Bernstein | $30.00 | $25.35 | 18.34% | 0.94% |
| Aug 31, 2022 | Tim Long | Barclays | $27.00 | $29.33 | -7.94% | -9.15% |
| Aug 19, 2022 | Aaron Rakers | Wells Fargo | $30.00 | $35.23 | -14.85% | 0.94% |
| Jun 01, 2022 | Tim Long | Barclays | $32.00 | $40.37 | -20.73% | 7.67% |
| Apr 11, 2022 | David Vogt | UBS | $40.00 | $38.19 | 4.74% | 34.59% |
The latest HP stock forecast, released on Apr 01, 2024 by Tim Long from Barclays, set a price target of $24.00, which represents a -20.58% decrease from the stock price at the time of the forecast ($30.22), and a -19.25% decrease from HPQ last price ($29.72).
HP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $28.50 | $29.33 |
| Last Closing Price | $29.72 | $29.72 | $29.72 |
| Upside/Downside | -100.00% | -4.10% | -1.31% |
In the current month, the average price target of HP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to HP's last price of $29.72. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 01, 2024 | Barclays | Underweight | Underweight | Hold |
| Feb 14, 2024 | HSBC | - | Buy | Upgrade |
| Feb 01, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Dec 12, 2023 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Nov 22, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Nov 13, 2023 | Citigroup | Positive | Buy | Upgrade |
| Nov 13, 2023 | Citigroup | Sell | Positive | Upgrade |
| Nov 07, 2023 | Edward Jones | - | Buy | Upgrade |
| Oct 03, 2023 | Goldman Sachs | - | Buy | Upgrade |
| Oct 03, 2023 | Raymond James | Neutral | Outperform | Downgrade |
HP's last stock rating was published by Barclays on Apr 01, 2024. The company gave HPQ a "Underweight" rating, the same as its previous rate.
HP Financial Forecast
HP Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $13.19B | - | $13.20B | $12.91B | $13.83B | $14.80B | $14.66B | $16.49B | $16.68B | $15.29B | $15.88B | $15.65B | $15.26B | $14.29B | $12.47B | $14.62B | $15.41B | $14.60B | $14.04B |
| Avg Forecast | $14.65B | $13.76B | $13.26B | $14.06B | $14.57B | $13.79B | $13.45B | $14.08B | $14.33B | $13.58B | $13.09B | $13.56B | $13.78B | $13.30B | $13.07B | $14.10B | $14.69B | $15.59B | $16.16B | $16.52B | $15.39B | $15.90B | $14.98B | $15.00B | $14.69B | $13.34B | $12.93B | $14.63B | $15.27B | $14.62B |
| High Forecast | $14.87B | $13.96B | $13.46B | $14.27B | $14.78B | $13.99B | $13.66B | $14.29B | $14.55B | $13.70B | $13.14B | $13.69B | $13.87B | $13.50B | $13.27B | $14.31B | $14.91B | $15.82B | $16.40B | $16.83B | $15.68B | $16.20B | $15.26B | $15.28B | $14.97B | $13.59B | $13.17B | $14.90B | $15.56B | $14.89B |
| Low Forecast | $14.44B | $13.56B | $13.06B | $13.85B | $14.35B | $13.59B | $13.26B | $13.88B | $14.13B | $13.47B | $13.04B | $13.46B | $13.66B | $13.10B | $12.88B | $13.90B | $14.47B | $15.36B | $15.93B | $16.25B | $15.15B | $15.65B | $14.74B | $14.76B | $14.46B | $13.13B | $12.72B | $14.39B | $15.03B | $14.39B |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 7 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 10 | 10 | 7 | 12 | 7 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.97% | - | 0.99% | 0.99% | 0.98% | 1.01% | 0.94% | 1.02% | 1.01% | 0.99% | 1.00% | 1.04% | 1.02% | 0.97% | 0.93% | 1.13% | 1.05% | 0.96% | 0.96% |
HP's average Quarter revenue forecast for Apr 24 based on 6 analysts is $13.09B, with a low forecast of $13.04B, and a high forecast of $13.14B. HPQ's average Quarter revenue forecast represents a -0.76% decrease compared to the company's last Quarter revenue of $13.19B (Jan 24).
HP EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 7 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 10 | 10 | 7 | 12 | 7 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $935.00M | - | $1.42B | $1.52B | $1.42B | $1.59B | $1.59B | $1.70B | $1.57B | $1.69B | $1.64B | $1.69B | $1.07B | $1.11B | $1.17B | $1.43B | $914.00M | $503.00M | $1.21B |
| Avg Forecast | $1.47B | $1.38B | $1.33B | $1.41B | $1.46B | $1.38B | $1.35B | $1.41B | $1.43B | $1.36B | $1.70B | $4.30B | $1.56B | $1.53B | $1.54B | $3.91B | $1.42B | $1.39B | $1.62B | $3.55B | $1.29B | $1.51B | $946.67M | $835.96M | $863.05M | $914.91M | $903.00M | $730.90M | $468.00M | $1.08B |
| High Forecast | $1.49B | $1.40B | $1.35B | $1.43B | $1.48B | $1.40B | $1.37B | $1.43B | $1.46B | $1.37B | $2.04B | $5.16B | $1.87B | $1.84B | $1.85B | $4.69B | $1.70B | $1.67B | $1.64B | $4.26B | $1.54B | $1.82B | $1.14B | $1.00B | $1.04B | $1.10B | $1.08B | $877.08M | $561.60M | $1.30B |
| Low Forecast | $1.45B | $1.36B | $1.31B | $1.39B | $1.44B | $1.36B | $1.33B | $1.39B | $1.41B | $1.35B | $1.36B | $3.44B | $1.25B | $1.22B | $1.24B | $3.13B | $1.13B | $1.11B | $1.59B | $2.84B | $1.03B | $1.21B | $757.33M | $668.77M | $690.44M | $731.93M | $722.40M | $584.72M | $374.40M | $864.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.22% | - | 0.92% | 0.98% | 0.36% | 1.12% | 1.14% | 1.05% | 0.44% | 1.31% | 1.08% | 1.78% | 1.28% | 1.29% | 1.28% | 1.58% | 1.25% | 1.07% | 1.11% |
6 analysts predict HPQ's average Quarter EBITDA for Apr 24 to be $1.70B, with a high of $2.04B and a low of $1.36B. This is 81.76% upper than HP's previous annual EBITDA (Jan 24) of $935.00M.
HP Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 7 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 10 | 10 | 7 | 12 | 7 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $622.00M | - | $766.00M | $1.07B | $487.00M | $-2.00M | $1.12B | $1.00B | $3.10B | $1.11B | $1.11B | $1.23B | $1.07B | $668.00M | $734.00M | $764.00M | $678.00M | $1.18B | $1.18B |
| Avg Forecast | $1.01B | $912.02M | $942.40M | $943.92M | $973.63M | $912.37M | $888.20M | $903.25M | $940.52M | $861.49M | $1.21B | $3.49B | $1.09B | $1.07B | $1.10B | $3.18B | $986.65M | $971.43M | $1.05B | $2.89B | $896.95M | $1.17B | $647.27M | $539.54M | $631.58M | $642.45M | $539.89M | $374.62M | $1.11B | $751.33M |
| High Forecast | $1.03B | $929.78M | $960.75M | $962.30M | $992.59M | $930.14M | $905.50M | $920.84M | $958.83M | $881.29M | $1.45B | $4.19B | $1.30B | $1.28B | $1.32B | $3.81B | $1.18B | $1.17B | $1.07B | $3.47B | $1.08B | $1.41B | $776.73M | $647.45M | $757.90M | $770.95M | $647.87M | $449.54M | $1.34B | $901.60M |
| Low Forecast | $991.12M | $894.78M | $924.59M | $926.08M | $955.23M | $895.12M | $871.41M | $886.18M | $922.73M | $831.78M | $968.80M | $2.80B | $868.25M | $854.86M | $880.72M | $2.54B | $789.32M | $777.14M | $1.03B | $2.31B | $717.56M | $938.25M | $517.82M | $431.63M | $505.27M | $513.96M | $431.91M | $299.70M | $891.75M | $601.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.18% | - | 0.72% | 0.97% | 0.15% | -0.00% | 1.15% | 0.95% | 1.07% | 1.24% | 0.94% | 1.90% | 1.98% | 1.06% | 1.14% | 1.42% | 1.81% | 1.06% | 1.57% |
HP's average Quarter net income forecast for Apr 24 is $1.21B, with a range of $968.80M to $1.45B. HPQ's average Quarter net income forecast represents a 94.69% increase compared to the company's last Quarter net income of $622.00M (Jan 24).
HP SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 7 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 10 | 10 | 7 | 12 | 7 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $1.38B | - | $1.30B | $1.40B | $1.33B | $1.19B | $1.14B | $1.46B | $1.44B | $1.41B | $1.48B | $1.38B | $1.46B | $1.16B | $1.22B | $1.29B | $1.41B | $1.38B | $1.34B |
| Avg Forecast | $1.32B | $1.24B | $1.20B | $1.27B | $1.32B | $1.25B | $1.22B | $1.27B | $1.29B | $1.23B | $1.64B | $1.62B | $1.38B | $1.56B | $1.49B | $1.47B | $1.25B | $1.42B | $1.46B | $1.34B | $1.14B | $1.42B | $833.94M | $1.18B | $994.70M | $1.02B | $1.03B | $1.36B | $1.30B | $1.29B |
| High Forecast | $1.34B | $1.26B | $1.22B | $1.29B | $1.34B | $1.26B | $1.23B | $1.29B | $1.31B | $1.24B | $1.96B | $1.94B | $1.66B | $1.88B | $1.79B | $1.77B | $1.50B | $1.71B | $1.48B | $1.61B | $1.37B | $1.70B | $1.00B | $1.41B | $1.19B | $1.23B | $1.23B | $1.63B | $1.56B | $1.54B |
| Low Forecast | $1.30B | $1.22B | $1.18B | $1.25B | $1.30B | $1.23B | $1.20B | $1.25B | $1.28B | $1.22B | $1.31B | $1.30B | $1.10B | $1.25B | $1.19B | $1.18B | $1.00B | $1.14B | $1.44B | $1.07B | $911.85M | $1.13B | $667.15M | $942.09M | $795.76M | $818.04M | $821.78M | $1.09B | $1.04B | $1.03B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.85% | - | 0.83% | 0.94% | 0.90% | 0.95% | 0.80% | 1.00% | 1.07% | 1.24% | 1.05% | 1.65% | 1.24% | 1.16% | 1.19% | 1.26% | 1.04% | 1.06% | 1.04% |
HP's average Quarter SG&A projection for Apr 24 is $1.64B, based on 6 Wall Street analysts, with a range of $1.31B to $1.96B. The forecast indicates a 18.36% rise compared to HPQ last annual SG&A of $1.38B (Jan 24).
HP EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 7 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 10 | 10 | 7 | 12 | 7 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.62 | - | $0.77 | $1.08 | $0.49 | $-0.00 | $1.09 | $0.95 | $2.75 | $0.94 | $1.00 | $0.83 | $0.50 | $0.52 | $0.53 | $0.47 | $0.26 | $0.79 | $0.51 |
| Avg Forecast | $1.01 | $0.91 | $0.94 | $0.94 | $0.97 | $0.91 | $0.89 | $0.90 | $0.94 | $0.86 | $0.81 | $0.81 | $0.90 | $0.86 | $0.76 | $0.74 | $0.84 | $1.04 | $1.05 | $1.02 | $0.88 | $0.84 | $0.89 | $0.66 | $0.52 | $0.43 | $0.44 | $0.54 | $0.58 | $0.55 |
| High Forecast | $1.03 | $0.93 | $0.96 | $0.96 | $0.99 | $0.93 | $0.90 | $0.92 | $0.96 | $0.88 | $0.83 | $0.82 | $0.93 | $0.87 | $0.77 | $0.75 | $0.85 | $1.06 | $1.07 | $1.05 | $0.90 | $0.86 | $0.91 | $0.68 | $0.54 | $0.44 | $0.45 | $0.55 | $0.59 | $0.56 |
| Low Forecast | $0.99 | $0.89 | $0.92 | $0.92 | $0.95 | $0.89 | $0.87 | $0.88 | $0.92 | $0.83 | $0.80 | $0.80 | $0.89 | $0.84 | $0.75 | $0.73 | $0.82 | $1.02 | $1.03 | $1.00 | $0.86 | $0.82 | $0.87 | $0.65 | $0.51 | $0.42 | $0.43 | $0.53 | $0.57 | $0.54 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.77% | - | 0.90% | 1.42% | 0.66% | -0.00% | 1.05% | 0.90% | 2.69% | 1.06% | 1.20% | 0.93% | 0.76% | 1.00% | 1.24% | 1.06% | 0.48% | 1.37% | 0.93% |
According to 6 Wall Street analysts, HP's projected average Quarter EPS for Apr 24 is $0.81, with a low estimate of $0.80 and a high estimate of $0.83. This represents a 31.35% increase compared to HPQ previous annual EPS of $0.62 (Jan 24).
HP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DM | Desktop Metal | $0.64 | $5.00 | 681.25% | Hold |
| DDD | 3D Systems | $3.70 | $14.00 | 278.38% | Hold |
| QBTS | D-Wave Quantum | $1.30 | $3.00 | 130.77% | Buy |
| CRCT | Cricut | $7.05 | $9.50 | 34.75% | Sell |
| IONQ | IonQ | $8.71 | $11.33 | 30.08% | Buy |
| SMCI | Super Micro Computer | $798.50 | $901.43 | 12.89% | Buy |
| HPQ | HP | $29.72 | $32.89 | 10.67% | Buy |
| STX | Seagate Technology | $94.01 | $101.24 | 7.69% | Buy |
| WDC | Western Digital | $71.60 | $75.67 | 5.68% | Buy |
| PSTG | Pure Storage | $54.41 | $41.56 | -23.62% | Buy |
| NTAP | NetApp | $108.50 | $78.45 | -27.70% | Hold |
| ANET | Arista Networks | $314.03 | $193.10 | -38.51% | Buy |
| DELL | Dell | $132.77 | $70.73 | -46.73% | Buy |
HPQ Forecast FAQ
Is HP a good buy?
Yes, according to 13 Wall Street analysts, HP (HPQ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 53.85% of HPQ's total ratings.
What is HPQ's price target?
HP (HPQ) average price target is $32.89 with a range of $24 to $50, implying a 10.67% from its last price of $29.72. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will HP stock go up soon?
According to Wall Street analysts' prediction for HPQ stock, the company can go up by 10.67% (from the last price of $29.72 to the average price target of $32.89), up by 68.24% based on the highest stock price target, and down by -19.25% based on the lowest stock price target.
Can HP stock reach $40?
HPQ's highest twelve months analyst stock price target of $50 supports the claim that HP can reach $40 in the near future.
What are HP's analysts' financial forecasts?
HP's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $55.89B (high $56.73B, low $55.08B), average EBITDA is $5.59B (high $5.68B, low $5.51B), average net income is $3.68B (high $3.75B, low $3.61B), average SG&A $5.05B (high $5.12B, low $4.98B), and average EPS is $3.67 (high $3.74, low $3.6). HPQ's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $55.73B (high $56.56B, low $54.92B), average EBITDA is $5.58B (high $5.66B, low $5.5B), average net income is $3.81B (high $3.88B, low $3.74B), average SG&A $5.03B (high $5.11B, low $4.96B), and average EPS is $3.8 (high $3.87, low $3.73).
Did the HPQ's actual financial results beat the analysts' financial forecasts?
Based on HP's last annual report (Oct 2022), the company's revenue was $62.98B, beating the average analysts forecast of $62.95B by 0.05%. Apple's EBITDA was $6.6B, missing the average prediction of $7.98B by -17.23%. The company's net income was $3.2B, missing the average estimation of $5.9B by -45.71%. Apple's SG&A was $5.26B, missing the average forecast of $5.47B by -3.85%. Lastly, the company's EPS was $3.09, missing the average prediction of $3.95 by -21.77%. In terms of the last quarterly report (Jan 2024), HP's revenue was $13.18B, missing the average analysts' forecast of $13.56B by -2.79%. The company's EBITDA was $935M, missing the average prediction of $4.3B by -78.26%. HP's net income was $622M, missing the average estimation of $3.49B by -82.20%. The company's SG&A was $1.38B, missing the average forecast of $1.62B by -14.64%. Lastly, the company's EPS was $0.62, missing the average prediction of $0.81 by -23.49%