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Where Will HP Stock Be in 1 Year?

TheMotleyFool 
0 0 27.11.23
Where Will HP Stock Be in 1 Year?Photo, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png
 

(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.

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Source Fool.com

HP Inc. Stock

€25.88
-0.080%
With only a change of -€0.020 (-0.080%) the HP Inc. price is nearly unchanged from yesterday.
The sentiment is rather negative at the moment with 15 Sell predictions and 2 Buy predictions.
A potential of -42.04%, resulting from comparing the current price of 25.88 € with the target price of 15 € for HP Inc., shows the chance of incurring significant losses.
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