Analysts aren't particularly enthused fans of consumer and business technology company HP (NYSE: HPQ) right now, and understandably so. Although recovering, demand for personal computers still seems relatively muted. Printers aren't exactly a red-hot commodity at this point, either.
Maybe Wall Street has committed the same error most individual investors have: presuming the company's tepid results since -- and even before -- its 2015 split with the organization now known as Hewlett Packard Enterprise were a permanent problem, leaving the company no path to back to growth. That's not necessarily the case, though, and given the stock's single-digit earnings multiple, the risk to investors looking to take that shot is minimal.
Activist investor Carl Icahn's new effort to push forward Xerox's (NYSE: XRX) bid to acquire HP could be the nudge needed to draw attention to how undervalued HP is at the moment.
Source Fool.com