Where Will HP Stock Be in 1 Year?
(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.
Source Fool.com
HP Inc. Aktie
31,60 €
0,44 %
Die HP Inc. Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Die Community sieht für HP Inc. ein leicht positives Kursziel von 32 € im Vergleich zum aktuellen Kurs von 31.6 €.
