HP Stock Makes Historic Move Higher: What's Going On?
Portfolio Pulse from Vaishali Prayag
HP Inc. (NYSE:HPQ) experienced a historic stock surge, climbing as much as 19% following the release of its second-quarter financial results. The company reported net revenue of $12.8 billion, surpassing estimates, and provided optimistic guidance for the third quarter and full year. Multiple analysts increased their price targets, contributing to the momentum.
May 30, 2024 | 7:52 pm
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HP Inc. (NYSE:HPQ) saw a historic 19% surge in its stock price after reporting better-than-expected Q2 financial results and providing strong guidance for the upcoming quarter and full year. Analysts raised their price targets, further boosting investor confidence.
HPQ's stock price surged due to better-than-expected Q2 financial results and strong future guidance. Multiple analysts raised their price targets, which likely contributed to the positive investor sentiment and stock price increase.
CONFIDENCE 100
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