Wells Fargo analyst Aaron Rakers maintains $HP Inc (HPQ.US)$ with a sell rating, and maintains the target price at $30.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 25.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $HP Inc (HPQ.US)$'s main analysts recently are as follows:
The recent decline in HP Inc.'s stock performance by 7% post-earnings was influenced by guidance that fell short of market expectations, primarily because of a less vigorous recovery in the PC sector combined with rising commodity costs affecting near-term PC margins. It is anticipated that the PC segment will experience a strengthening recovery and margin enhancements in upcoming quarters, facilitated by effective cost management and pricing strategies.
HP Inc.'s fiscal Q4 performance aligned closely with expectations, however, the forward earnings outlook appears slightly softer, attributed to delayed recovery in both Print and PC sectors. Analysts note that HP's PC margins are currently facing pressure due to commodity prices and product mix in the near term.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
