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Hewlett-Packard (NYSE: HPQ) released second quarter earnings Thursday with analyst commentary rolling in on Friday.
Analysts have ranging views about Hewlett-Packard from very bullish to more bearish.
UBS: Neutral, $34 PT
Analyst Steven Milunovich saw that Hewlett-Packard coming in at expected levels was slightly disappointing and that their 1 percent year over year loss in revenue was also disappointing. However the target price raise comes off of the savings from restructuring.
Citi: Buy, $40 PT
Analyst Jim Suva is very high on Hewlett-Packard as it remains his top pick in IT hardware. He says that the savings from restructuring should position to the company well for continuing success.
Cantor Fitzgerald: Hold, $30 PT
Analyst Brian J. White sees that "sub-par" quarter, another restructuring initiative, and an increase in headcount reduction does not bode well for Hewlett-Packard and that he questions how competitive their portfolio is.
Shares of Hewlett-Packard have been trading up 6.73 percent to $33.92 at last checked trade in response to analyst commentary and the second quarter earnings.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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