Top 10 AI News Updates This Weekend

8. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 42

HP Inc. (NYSE:HPQ) is a technology company that specializes in personal computing and printing solutions.

On November 27, Goldman Sachs analyst Michael Ng reiterated a “Neutral” rating on HP Inc. (NYSE:HPQ) with a price target of $38, up from $35. The company delivered fiscal fourth-quarter 2024 EPS of $0.93, aligning with firm estimates. The Print segment’s performance was also strong and offset the miss in the Personal Systems (PS) division. Besides these factors, the firm expects mid-single-digit growth in PS for fiscal 2025, driven by Windows 10 end-of-life, a refreshed PC installed base, as well as the rise of AI PCs, which are anticipated to comprise 20% of shipments. HP anticipates stronger performance in the second half of fiscal 2025 due to an acceleration in PC demand, driven by the commercial segment, premium consumer systems, and AI PCs.