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. Stock
€33.17
-0.960%
We see a rather positive sentiment for HP Inc. with 13 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 32 € is below the current price of 33.17 € for HP Inc., so the potential is actually -3.51%.
