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HP (HPQ) Stock Downgraded by JPMorgan Amid PC Market Headwinds
Yahoo Finance· 2025-10-28 17:57
HP Inc. (NYSE:HPQ) is one of the AI Stocks Making Waves on Wall Street. On October 22, JPMorgan downgraded the stock to “Neutral” from Overweight with a $30 price target. According to the firm, HP is undergoing a rougher backdrop as it moves past the most favorable part of the PC volume and cost cycle. Analyst Samik Chatterjee has deemed that 2026 will mark “the tail end of the Windows 10 replacement cycle.” This will result in tough comparisons for HP’s commercial PC business. There is also “a challengi ...