Where Will HP Stock Be in 1 Year?
(NYSE: HPQ) posted its latest earnings report on Nov. 21. For the fourth quarter of fiscal 2023, which ended on Oct. 31, the PC and printer maker's revenue declined 7% year over year to $13.82 billion and missed analysts' estimates by $40 million. However, its adjusted earnings per share (EPS) rose 10% to $0.90 and matched the consensus forecast.
HP's sales are still declining as it struggles with the PC market's post-pandemic slowdown, but could that cyclical downturn end over the next few quarters? Let's review its turnaround plans to see whether its stock can head higher in a year.
Image source: Getty Images.
Source Fool.com
HP Inc. Stock
€26.49
1.260%
We see a rather positive sentiment for HP Inc. with 7 Buy predictions and 1 Sell predictions.
With a target price of 31 € there is a slightly positive potential of 17.05% for HP Inc. compared to the current price of 26.49 €.
