Hewlett-Packard Stock Prediction: Healthy Growth In Printing And PC Sales Fortified The Bull Case For HP, Inc.

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Hewlett-Packard Stock Prediction

Summary:

  • The Q3 FY 2017 beat revealed a 12% Y/Y growth in PC sales for HP, Inc.
  • Printing supplies also grew 10% Y/Y and printer hardware sales grew 1% Y/Y.
  • These healthy sales improvements reinforced the long-term bull case for HPQ.
  • New processors from Intel and AMD should prolong the uptrend for PC sales. HP’s Omen brand of computers helps it gained a foothold in the growing PC gaming hardware industry.
  • HPQ enjoys positive algorithmic market trend forecasts from I Know First.
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