HP, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Wamsi Mohan from Bank of America Securities reiterated a Hold rating on the stock and has a $29.00 price target.
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Wamsi Mohan’s rating is based on a combination of factors that reflect both opportunities and challenges for HP. The company is well-positioned to drive growth in its PC segment, particularly through the adoption of AI PCs, which are expected to offer significant value by enhancing productivity and reducing costs through local processing. This growth is supported by the transition from Windows 10 and the aging installed base, as well as a strong portfolio of peripherals.
However, despite these positive drivers, Mohan maintains a Hold rating due to offsetting factors, such as declines in the Print segment. While HP is confident in managing its supply chain and maintaining margins, potential headwinds like tariff impacts on the Print business and memory pricing increases pose challenges. The price objective remains at $29, reflecting a balanced view of the company’s prospects.
In another report released on October 12, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $27.00 price target.