J.P. Morgan analyst Samik Chatterjee maintains $HP Inc (HPQ.US)$ with a buy rating, and adjusts the target price from $41 to $40.
According to TipRanks data, the analyst has a success rate of 62.8% and a total average return of 13.5% 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's decline of 7% post-earnings was attributed to the guidance falling short of expectations, influenced by a less robust PC recovery than anticipated, and heightened commodity costs affecting PC margins in the near term. It is anticipated that the PC recovery will gather pace in forthcoming quarters with improvements in margins as cost adjustments and pricing actions take effect.
HP Inc.'s fiscal Q4 performance was aligned with expectations, though the outlook for future earnings is somewhat subdued as the recovery in both Print and PC segments is expected to be delayed. Near-term pressures on PC margins are anticipated due to factors related to commodities and product mix.
Note:
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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.
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