How To Earn $500 A Month From HP Stock Ahead Of Q1 Print
Portfolio Pulse from Avi Kapoor
HP Inc. (NYSE:HPQ) is anticipated to release its Q1 earnings with expected earnings of 81 cents per share and revenue of $13.56 billion. HSBC upgraded HP from Hold to Buy, raising the target price from $30 to $33. HP offers a 3.82% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $156,979 or 5,445 shares is needed. HPQ shares slightly increased by 0.1% to close at $28.83.
February 28, 2024 | 12:53 pm
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HP Inc. is expected to report an increase in earnings per share and revenue for Q1. HSBC upgraded the stock from Hold to Buy, with a price target increase to $33. HP offers a 3.82% dividend yield, and its shares saw a slight increase.
The positive earnings forecast, upgrade by HSBC, and the attractive dividend yield position HPQ for potential short-term gains. The slight increase in share price reflects initial positive market reaction, suggesting a favorable outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100