HPQ Shares Rise on Analyst Upgrade Amid Strong Earnings
On August 29, 2026, HP Inc. (NYSE: HPQ) shares rose by 3%, outperforming the S&P 500 index which fell slightly during the same period. The stock's performance was driven in part by an analyst upgrade from Barclays' Tim Long, who raised his fair value estimate for HP to $23 per share from $19 following strong fiscal third-quarter earnings results. While Long maintained a 'sell' recommendation on HP due to ongoing concerns about its printer business and margin pressures, he acknowledged the company's impressive performance in personal systems sales. The improved financials were partly attributed to federal tariff rebates, though these are unlikely to recur consistently. Despite the recent positive momentum, some analysts remain cautious about long-term growth prospects for HP given that traditional hardware markets like PCs and printers have matured significantly over time.
Topics: analyst upgrade/downgrade HPQ stock performance tariff impact