Why HP Stock Is Surging On Friday?

Kaustubh Bagalkote — Fri, 29 May 2026 16:03:21 +0000

HP Inc. (NYSE:HPQ) stock climbed on Friday following the company’s April quarter financial results, which outpaced Wall Street expectations.

The solid performance triggered a wave of price target increases from major financial institutions, shifting market sentiment despite a cautious outlook for the second half of the fiscal year.

• HP stock is showing exceptional strength. Why is HPQ stock up today?

Wall Street Lifts Price Forecasts

A multitude of equity analysts adjusted their valuation models upward on Thursday to reflect the earnings beat. TD Cowen maintained its hold rating on HPQ but substantially raised its price target to $26 from $20.

Other notable adjustments included UBS raising its price target to $26, Citigroup moving to $25, JP Morgan targeting $26, and Morgan Stanley increasing its forecast to $19. BofA Securities adjusted its price forecast to $18, while Wells Fargo and Barclays adjusted theirs to $20 and $19, respectively.

TD Cowen Evaluates Product Mix and Margins

In a Wednesday earnings update, TD Cowen analyst Krish Sankar highlighted that HPQ navigated the tight memory supply well during ...

Full story available on Benzinga.com

CAVA Is Lapping Every Restaurant Rival — And Its Outlook Just Got Better

Priya Nigam — Wed, 20 May 2026 15:46:19 +0000

Shares of CAVA Group Inc (NYSE:CAVA) rallied in early trading on Wednesday, after the company Tuesday reported upbeat first-quarter results.

The company's 2026 guidance leaves room for beats and raises throughout the year, according to TD Cowen.

The CAVA Group Analyst: Analyst Andrew Charles reiterated a Buy rating and price target of $100.

The CAVA Group Thesis: The company may have avoided raising the 2026 adjusted EBITDA in-line with the sales outlook to allow it to invest in "labor and digital/data, that we expect to fuel future sales beats," Charles said in the note.

Check out other analyst stock ratings.

Q1 Results: CAVA Group reported a sales-driven adjusted EBITDA beat, the analyst noted. The company generated same-store sales of 9.7%, beating the consensus of 6.2%, and adjusted EBITDA rose ...

Full story available on Benzinga.com