Short Term Price Target on Hewlett-Packard Company (HPQ)

Hewlett-Packard Company (NYSE:HPQ) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $12. The average forecast of all the analysts is $14.5 and the expected standard deviation is $1.72.

HP Inc. has lost 3.09% in the last five trading days and dropped 5.76% in the last 4 weeks. HP Inc. is up 3.31% in the last 3-month period. Year-to-Date the stock performance stands at 8.18%.

Hewlett-Packard Company (NYSE:HPQ) : Zacks Investment Research ranks Hewlett-Packard Company (NYSE:HPQ) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.41, which indicates as a Buy.

Hewlett-Packard Company (NYSE:HPQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.27 and $12.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.55, notching a gain of 3.04% for the day. The total traded volume was 14,463,718 . The stock had closed at $12.18 on the previous day.

HP INC, formerly Hewlett-Packard Company (HP), is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The Company offers IT industrys broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Company designs its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units. The Companys operations are organized into seven business segments: Personal Systems; Printing; the Enterprise Group (EG); Enterprise Services (ES); Software; HP Financial Services (HPFS), and Corporate Investments.

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