Barclays analyst Tim Long maintained a Sell rating on HP (HPQ – Research Report) yesterday and set a price target of $24.00. The company’s shares closed yesterday at $28.72.
According to TipRanks, Long is a 5-star analyst with an average return of 12.8% and a 63.03% success rate. Long covers the Technology sector, focusing on stocks such as Apple, Juniper Networks, and Motorola Solutions.
In addition to Barclays, HP also received a Sell from Wells Fargo’s Aaron Rakers in a report issued yesterday. However, today, Bernstein maintained a Hold rating on HP (NYSE: HPQ).
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Based on HP’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $13.78 billion and a net profit of $944 million. In comparison, last year the company earned a revenue of $14.74 billion and had a GAAP net loss of $76 million
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HP (HPQ) Company Description:
HP Inc. was formed following the split of Hewlett-Packard Company in 2015 and is among the world’s top five personal computer manufacturers. The company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small and medium businesses, and large enterprises.
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