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In a report released yesterday, Mike Ng from Goldman Sachs reiterated a Hold rating on HP (HPQ – Research Report). The company’s shares closed yesterday at $30.93.
According to TipRanks, Ng is an analyst with an average return of -18.7% and a 31.25% success rate. Ng covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and HP.
HP has an analyst consensus of Hold, with a price target consensus of $30.00.
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Based on HP’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $13.83 billion and a net profit of $487 million. In comparison, last year the company earned a revenue of $17.03 billion and had a net profit of $1.09 billion
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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.
Read More on HPQ:
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