Morgan Stanley raised the firm’s price target on HP Inc. (HPQ) to $29 from $25 and keeps an Equal Weight rating on the shares after a model refresh following the fiscal Q2 report. The firm’s FY25 and FY26 revenue and EPS estimates were moved 3% and 11% higher, respectively, but they are slightly below the firm’s pre-April 8 forecast, the analyst tells investors. The firm’s price target represents eight times its new $3.67 FY26 EPS estimate, the analyst noted.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPQ:
- Zoom says collaborating on Google Beam
- Google CEO introduces Google Beam, says Gemini App hits 400M+ MAUs
- HP Inc. call volume above normal and directionally bullish
- HP Inc. put volume heavy and directionally bearish
- Nvidia (NVDA) Expands Beyond Big Tech: Billion-Dollar Saudi Deal Kicks Off Global AI Play
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue