HP Gets Price Target Bumps By Analysts After Q2 Results
Portfolio Pulse from Lisa Levin
HP Inc. (NYSE:HPQ) reported better-than-expected Q2 earnings of 80 cents per share, while sales missed expectations at $12.91 billion. The company forecasts Q3 adjusted earnings of 81 to 91 cents per share and FY23 adjusted earnings of $3.30 to $3.50 per share. B of A Securities and UBS raised their price targets on HP following the earnings announcement.
May 31, 2023 | 11:35 am
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HP Inc. reported better-than-expected Q2 earnings but missed sales expectations. B of A Securities and UBS raised their price targets on the stock.
HP Inc. reported better-than-expected Q2 earnings, which is a positive sign for the company. However, the missed sales expectations may offset the positive sentiment. B of A Securities and UBS raised their price targets, indicating a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100