Evercore analyst Amit Daryanani maintains $HP Inc (HPQ.US)$ with a buy rating, and maintains the target price at $40.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 13.8% 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 stock experienced a 7% decline post-earnings as the guidance failed to meet expectations, primarily due to a slower-than-anticipated PC recovery and elevated commodity costs affecting PC margins in the near term. The recovery in the PC sector is anticipated to gather pace in the coming quarters, with improvements in margins as cost management and pricing strategies take effect.
HP Inc.'s fiscal Q4 performance met expectations, although the outlook for future earnings was slightly softer. This is attributed to delayed recoveries in both the Print and PC sectors. In the near term, HP's PC margins are facing pressures due to commodity prices and product mix.
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.
