HP (NYSE:HPQ) Given New $16.00 Price Target at The Goldman Sachs Group

HP (NYSE:HPQ) had its target price reduced by The Goldman Sachs Group from $21.00 to $16.00 in a research report report published on Wednesday,Benzinga reports. They currently have a sell rating on the computer maker’s stock.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company cut their price objective on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday. UBS Group reduced their target price on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Barclays dropped their price target on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $22.23.

HP Trading Up 0.0%

Shares of NYSE HPQ opened at $18.21 on Wednesday. HP has a twelve month low of $17.56 and a twelve month high of $34.07. The firm has a 50-day moving average of $20.48 and a two-hundred day moving average of $24.46. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.29 and a beta of 1.21.

HP (NYSE:HPQ) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 359.21%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts predict that HP will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 45.28%.

Insider Activity

In other HP news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. The trade was a 22.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,969 shares of company stock worth $2,277,993 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On HP

A number of hedge funds have recently modified their holdings of the stock. Richardson Financial Services Inc. grew its stake in HP by 14.9% in the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after purchasing an additional 367 shares in the last quarter. Auxano Advisors LLC raised its stake in shares of HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after purchasing an additional 391 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of HP by 42.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after buying an additional 405 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of HP by 6.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock valued at $173,000 after buying an additional 410 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 beat — HP posted non‑GAAP EPS of $0.81 (vs. $0.77 consensus) and revenue of $14.44B, powered by a rebound in Personal Systems (PC) sales; the print gives near‑term evidence sales and share repurchases are supporting cash flow. HP Inc. Reports Fiscal 2026 First Quarter Results
• Positive Sentiment: Options flow turned bullish — unusually large activity (≈56,561 calls, ~160% above typical daily call volume) signals speculative or institutional positioning for upside or event‑driven volatility (earnings/guidance reaction or follow‑on analyst activity).
• Neutral Sentiment: Trading context — volume is elevated and the stock sits near its 52‑week low; that raises liquidity and volatility but also makes the name more sensitive to headlines and analyst revisions.
• Neutral Sentiment: Analyst valuation re‑rating underway — several shops are trimming fair value and moving to tighter target ranges as they weigh HP’s cost actions vs. memory cost risk; this is recalibrating expectations rather than providing a clear directional catalyst. Why The HP (HPQ) Story Is Shifting
• Negative Sentiment: Memory cost headwinds — management warned memory chip prices have risen sharply and are squeezing margins; analysts say this materially pressures FY26 EPS and operating margin expectations. HP’s Margin Squeeze Deepens As Memory Costs Surge
• Negative Sentiment: Cautious guidance and regulatory risks — HP pared its outlook toward the low end of prior guidance and cited U.S. trade/regulatory uncertainty, prompting investors to mark down forward expectations. HP warns US trade regulations, memory chip costs to weigh on annual forecasts
• Negative Sentiment: Analyst downgrades and price‑target cuts — multiple firms (Goldman, Barclays, Morgan Stanley, Wells Fargo among others) trimmed targets and moved to underweight/sell stances after the guidance and cost commentary, adding selling pressure and lowering conviction. Analyst price‑target moves (example: Morgan Stanley)
• Negative Sentiment: Shares hit multi‑week/52‑week lows in the wake of management’s warning — the CFO/guidance tone erased some of the earnings beat’s positive impact and prompted profit‑taking. HP Hits 52‑Week Low After CFO’s Warning
• Negative Sentiment: Leadership/news cross‑impact (PayPal appointment) — coverage mentioning Enrique Lores (formerly HP’s executive) moving to PayPal draws attention to HP’s leadership stability; any CEO/exec transition risk could be viewed negatively by investors focused on execution through a cost‑intensive period. PayPal Stock Halted on Stripe Rumor (mentions Enrique Lores)

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.