HPQ Stock Forecast: Momentum Trading Buy Rating For The PC Market Leader

Chloe PengThe article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.

Summary:

  • HPQ has risen by 11.75% during the past 3 months, following the big decline due to the Covid-19 outbreak.
  • HP reached 24.9% share in the PC market in Q1 2020, achieving almost the same market share with the largest player Lenovo.
  • I expect the PC sales growth to be short-term and I have a short-term bullish outlook for HPQ.

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HPQ Stock Forecast: Healthy Printing Business Makes HP Inc. A Buy

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.

Summary:

  • HPQ’s price dropped -11.99% during after-hours trading on February 27. This was a big thumb down post-Q1 2019 earnings report.
  • If the market opens at $20.99 today, I will consider it as a great opportunity to buy more shares of this PC and printing market leader.
  • HP Inc’s Q1 2019 was not that bad to justify a prolonged bearish emotion. The weak holiday quarter performance is likely due to stiff competition on PCs and printers.
  • What’s more important is that HP Inc. is making a profit and is growing its commercial printers and laptop business segments.
  • HP Inc. has a solid tailwind from the growing $24 billion/year outdoor advertising industry.

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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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