The Goldman Sachs Group Cuts HP (NYSE:HPQ) Price Target to $16.00

HP (NYSE:HPQ) had its target price cut by equities research analysts at The Goldman Sachs Group from $21.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the computer maker’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 12.45% from the company’s previous close.

A number of other research analysts also recently weighed in on HPQ. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a report on Monday, December 1st. Barclays cut their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price target on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday. Citigroup cut their price objective on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Finally, Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, HP currently has a consensus rating of “Reduce” and an average price target of $22.23.

HP Stock Up 0.4%

HPQ stock traded up $0.08 during mid-day trading on Wednesday, reaching $18.28. The company had a trading volume of 27,420,154 shares, compared to its average volume of 19,537,783. The stock has a market capitalization of $16.78 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.29 and a beta of 1.21. The stock’s 50-day simple moving average is $20.61 and its two-hundred day simple moving average is $24.50. HP has a one year low of $17.56 and a one year high of $34.07.

HP (NYSE:HPQ) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period in the previous year, the company earned $0.74 earnings per share. HP’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts forecast that HP will post 3.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. This represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 91,969 shares of company stock valued at $2,277,993. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HP

Large investors have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in HP by 7.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,481,211 shares of the computer maker’s stock worth $40,333,000 after purchasing an additional 101,844 shares in the last quarter. Applied Finance Capital Management LLC boosted its position in shares of HP by 8.4% during the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after buying an additional 94,494 shares during the period. Maj Invest Holding A S boosted its position in shares of HP by 3.8% during the third quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock worth $156,686,000 after buying an additional 210,762 shares during the period. Railway Pension Investments Ltd grew its holdings in shares of HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock worth $43,568,000 after buying an additional 92,400 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in HP by 34.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after buying an additional 102,825 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 beat on both EPS and revenue, driven by stronger Personal Systems / PC sales, showing demand momentum that supports near-term growth. Zacks: Q1 Earnings Beat
• Neutral Sentiment: HP issued Q2 FY26 EPS guidance of $0.70–$0.76 (near/just below consensus) and reiterated that FY results are likely toward the low end of prior guidance — a cautious stance that keeps uncertainty but provides a walk-forward target for analysts. HP Press Release / Guidance
• Neutral Sentiment: Company reported positive free cash flow and returned ~$0.6B to shareholders (buybacks + dividends), which is supportive for shareholder value if margins stabilize. GlobeNewswire: Q1 Results
• Negative Sentiment: Rising memory-chip costs materially squeezed margin outlook; management warned U.S. trade rules and memory pricing will weigh on FY results — a primary driver of the after-hours slide. Reuters: Memory Costs & Trade Risk
• Negative Sentiment: Analysts cut targets and ratings following the cautious outlook: Barclays and Morgan Stanley lowered targets to $16 and moved to underweight; Wells Fargo trimmed its target to $18 and also moved to underweight — increasing selling pressure. Benzinga: Analyst Cuts
• Negative Sentiment: Market reaction included a sharp intraday/after-hours drop and a 52-week low reference as investors priced in weaker margin visibility and the risk that cost trends offset PC momentum. Benzinga: 52-Week Low

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.