Why HP Rallied Today, Despite an Earnings Miss
Shares of (NYSE: HPQ) were rallying in Thursday trading, up as much as 6.1% before settling into a 3.8% gain as of 1:24 p.m. ET.
After Hewlett-Packard split into two companies, HP Inc. now handles the low-growth businesses of PCs and printers/ink. And the growth challenges were on display when the company released earnings last night.
Still, the stock rallied today on optimism that artificial intelligence (AI) PCs will help with growth into next year, as well as the CEO making news by promising more "aggressive" cost cuts in the printer division.
Source Fool.com
HP Inc. Stock
€31.89
-0.580%
We see a rather positive sentiment for HP Inc. with 14 Buy predictions and 2 Sell predictions.
With a current price of 31.89 € HP Inc. is right around the predicted target price of 32 €.
