HP (HPQ, $16.03) gets rating downgrade and price target cut from Goldman Sachs
HP Inc. shares traded lower Thursday, following downgrade from Goldman Sachs analysts who also lowered their price target on the stock.
Goldman Sachs analyst Rod Hall lowered his rating to "sell" from "neutral on the PC and printer maker’s shares. Hall slashed price target on the stock by $4 to $14 per share.
Hall feels that HP faces a "difficult transition" in its printers business, which the company announced last week. Softness in global consumer PC markets is another factor that he cited, alongwith his expectation that strength in business demand would cool off in the second half of next year.
Last week, HP revealed plans to retrench nearly a fifth of its workforce in a cost-cutting effort that it expects will result in around $1 billion savings over the next two years. It will eliminate between 7,000 and 9,000 jobs from its global workforce of 55,000, while taking a fourth quarter charge of around $100 million to compensate for the costs.
HPQ's RSI Indicator ascends from oversold territory
The RSI Oscillator for HPQ moved out of oversold territory on June 03, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 27, 2025. You may want to consider a long position or call options on HPQ as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HPQ just turned positive on June 26, 2025. Looking at past instances where HPQ's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
HPQ moved above its 50-day moving average on July 02, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPQ advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for HPQ crossed bearishly below the 50-day moving average on June 06, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HPQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HPQ broke above its upper Bollinger Band on July 01, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (6.612). P/E Ratio (8.909) is within average values for comparable stocks, (62.645). Projected Growth (PEG Ratio) (3.068) is also within normal values, averaging (55.962). Dividend Yield (0.035) settles around the average of (0.030) among similar stocks. P/S Ratio (0.573) is also within normal values, averaging (12.290).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HPQ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a developer of imaging and printing systems, computing systems and information technology solutions
Industry ComputerPeripherals
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