HP Stock: Is Wall Street Bullish or Bearish?

HP Inc. (HPQ), with a market cap of $30.6 billion, is a leading global supplier of personal computing devices, imaging, and printing products, along with related solutions and services. The Palo Alto, California-based company serves a diverse range of customers, including individuals, SMBs, and large enterprises.

Shares of the PC-making giant have significantly underperformed the broader market over the past 52 weeks. HPQ has gained only 2.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.5%. In 2024, shares of HP are up 3.8%, compared to the SPX's 11.2% gains on a YTD basis.