HPQ · NYSE · STOCK
HP (HPQ) Stock Analysis
$30.20
52W $17.56 – $36.23
55/100
$27.62B
11.4
1.19
Is HPQ Bullish or Bearish?
Mixed.
Innellis AI committee rates HP Inc. (HPQ) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.61 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -15.39 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — p/e of 11.1 is inexpensive for the broad market. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 11.1 is inexpensive for the broad market — Value
- Price-to-book of 0.9x is a discount to asset value — Value
- ROE of 16.9% shows genuine earnings power backing the valuation — Value
- Dividend yield of 3.8% pays you to wait — Value
- 3 consecutive earnings beats -- consistent execution — Growth
- News sentiment is positive (+0.20 across 33 articles, 14d) — News
Bear Case
- EPS declining -4.4% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Current ratio of 0.77 is tight -- limited short-term liquidity cushion — Risk
- Bollinger bandwidth of 15.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 72%
of 287 Technology peers
Value Analyst
bullish
76
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 11.1 is inexpensive for the broad market
Growth Analyst
neutral
44
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 3 consecutive earnings beats -- consistent execution
− EPS declining -4.4% YoY despite any revenue growth
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.77 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 33 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 55.9 to 55.4.
- New bearish signals: 1 appeared.
- Bullish support removed: 4 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
34.1
Neutral
MACD Histogram
-0.230
Bearish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Hh Hl
Support
$25.45
Resistance
$35.27
Bollinger %B
0.08
Inside Bands
Price vs Moving Averages
EMA 9
$31.63
Below
EMA 21
$31.75
Below
EMA 50
$30.58
Below
EMA 200
$26.43
Above
Fundamental Analysis
Valuation
100
Growth
48
Profitability
20
Financial Health
50
Cash Flow
70
Valuation
P/E Ratio
11.4×
P/B Ratio
—
PEG Ratio
-2.63
Dividend Yield
3.97%
52W High
$36.23
52W Low
$17.56
Quality & Growth
ROE
—
ROA
605.5%
Gross Margin
1977.6%
Operating Margin
564.4%
Revenue Growth YoY
—
Debt / Equity
—
AI Fundamental Assessment
P/E ratio of 11.4 (inexpensive relative to a 15-40x range); Price-to-book of -301.7x; PEG ratio of -2.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -730.9%; Return on assets of 6.1%; Net margin of 4.1%; Gross margin of 19.8%; Current ratio of 0.79 (tight short-term liquidity); Debt-to-equity of -112.38; Free cash flow per share is positive (4.22); Most recent quarter beat estimates by 3.1%; 3 consecutive earnings beats; EPS growth decelerating (+6.2% -> -16.3% QoQ); Average YoY EPS growth of -4.0%; Analyst estimates falling over recent quarters
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