HP (HPQ) Stock: $34 Price Target And Equal-Weight Rating

Apr 4th, 2022 10:27 EST
  • The shares of HP Inc (NYSE: HPQ) have received a $34 price target from Morgan Stanley. These are the details.

The shares of HP Inc (NYSE: HPQ) have received a $34 price target from Morgan Stanley. And Morgan Stanley analyst Erik Woodring is maintaining an “Equal-Weight” rating on the shares.

Woodring noted that the strategic rationale behind HP buying Poly appears compelling as it better positions the company to accelerate its strategy to become the vendor of choice in a hybrid world. And while Woodring estimates low-single digit EPS accretion in year one with the deal more than 9 months away from closing, he is guarded about whether it shifts the narrative away from more cautious near-term PC data points.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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