Stock Track | HP Inc Soars 5.56% After-Hours on Multiple Analyst Price Target Hikes
Stock Track
May 29
HP Inc's stock surged 5.56% in the after-hours session on Thursday, reversing earlier losses as several major Wall Street firms raised their price targets on the company following its fiscal second-quarter results.
The price target increases came from multiple analysts who viewed HP's quarterly performance as better than expected, despite ongoing concerns about margin pressures and market uncertainties. UBS and TD Cowen both raised their targets to $26 from $20, while Citi increased its target to $25 from $20. Even firms with cautious ratings like Morgan Stanley and BofA lifted their targets, signaling improved sentiment around the company's prospects.
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