HP Inc. (NYSE:HPQ) stock is recovering and trending upward on Friday. Investors are recalibrating positions after a volatile post-earnings decline.
The stock initially fell after the release of its third-quarter financial results, but buyers are stepping back in to take advantage of the lower price and recent analyst upgrades.
The Nasdaq is down 0.18%, and the S&P 500 has lost 0.03%.
Analysts Revise Price Forecasts
On Thursday, TD Cowen maintained a Hold rating on HP and raised its price forecast to $30. UBS maintained a Neutral rating while raising its target price to $28. Morgan Stanley kept an Underweight rating and increased its price forecast to $19.
