10 Best Hardware Stocks to Buy Now

5. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 48

HP Inc. (NYSE:HPQ) is an international provider of personal and professional computers and related accessories. It is renowned for its Envy premium laptop series and industrial 3D printing technologies.

During the fiscal first quarter of 2025, the company delivered revenue growth for the third consecutive quarter. Its revenue of $13.5 billion was up 2.4% year-over-year. The growth was driven by the Personal Systems segment which improved 5% during the same time. The company is focused on futuristic technologies including AI and is realigning its operations for AI PCs and advanced computing solutions. Moreover, HP Inc. (NYSE:HPQ) has also diversified its operations and expects that 90% of the products sold in North America to be built outside of China by the end of 2025.

On March 3rd, Amit Daryanani from Evercore ISI maintained a Buy rating on the stock with a price target of $40. It is one of the best hardware stocks to buy now.