Citi Keeps Their Hold Rating on HP (HPQ)

Merchant covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies, and Amphenol. According to TipRanks, Merchant has an average return of 111.0% and a 79.05% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for HP with a $21.14 average price target, a -17.90% downside from current levels. In a report released on July 21, J.P. Morgan also maintained a Hold rating on the stock with a $27.00 price target.

Based on HP’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $14.41 billion and a net profit of $450 million. In comparison, last year the company earned a revenue of $13.22 billion and had a net profit of $406 million