Evercore raises target for HP Inc. stock to USD 32.00

Published on 10/20/2026 at 20:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HP's fiscal third-quarter operating margin fell 60 basis points to 6.50 percent. HP Inc. stock costs EUR 27.66 on October 20, 2026, plus 1.50 percent versus the Xetra close.

Analyst target and outlook

Evercore ISI raised its HP target from USD 25.00 to USD 32.00 on October 8, 2026.
HP lifted fiscal 2026 non-GAAP earnings guidance to USD 3.19-3.29 per share.
HP Inc. stock costs EUR 27.66 at Lang & Schwarz on October 20, 2026 at 8:09 p.m. CEST, 1.50 percent above the Xetra close of October 20, 2026, and 11.09 percent below the 52-week high.

Extreme Makro-Nahaufnahme einer grünen Computerplatine mit goldenen Kupferleiterbahnen und Chips — HP Inc. Platinen-Makroaufnahme zeigt goldene Leiterbahnen und Chips im Detail, ISIN US40434L1052, Illustration mit AI erstellt.

Evercore ISI raised its price target for HP Inc. from USD 25.00 to USD 32.00 on October 8, 2026, while keeping a Hold rating, according to Zacks. The USD 32.00 target is 2.99 percent above HP's USD 31.07 price on the NYSE at 2:14 p.m. ET on October 20, 2026. HP Inc. stock was trading at EUR 27.66 at Lang & Schwarz on October 20, 2026 at 8:09 p.m. CEST, up 1.50 percent versus the Xetra close of October 20, 2026 at EUR 27.25.

Guidance climbed with earnings

HP raised its fiscal 2026 non-GAAP diluted earnings-per-share outlook to USD 3.19-3.29 from USD 2.90-3.10. The range includes a USD 0.19 benefit from estimated tariff refunds, according to Yahoo Finance. The same fiscal third-quarter call put full-year free cash flow guidance at USD 3.00-3.20 billion.

For the fiscal third quarter ended July 31, 2026, revenue reached USD 15.68 billion, up 12.50 percent from the prior-year period, while net income fell to USD 661.00 million from USD 763.00 million. Adjusted earnings per share came in at USD 0.83, above the USD 0.66 consensus estimate, according to Zacks.

Margin pressure remains visible

HP's fiscal third-quarter non-GAAP operating margin contracted 60 basis points year over year to 6.50 percent, while gross margin declined to 18.80 percent. Personal Systems revenue rose 18.50 percent to USD 11.77 billion, but its operating margin fell to 4.60 percent as higher commodity costs weighed on profitability.

Valuation and market position

HP's NYSE price of USD 31.07 on October 20, 2026 came with a price-to-earnings ratio of 11.86 and a market capitalization of USD 28.0 billion. The 52-week range was USD 17.56 to USD 36.23, leaving the stock 14.24 percent below its high. Trading volume reached 3,601,787 shares by 2:14 p.m. ET.

Comparison with peers

Dell Technologies (NYSE, USD): up 2.16 percent, P/E 26.95, market capitalization USD 295.4 billion. Lenovo Group (HKEX, HKD): down 9.98 percent, P/E 61.54, market capitalization HKD 313.3 billion.

What the target means for HP

The Evercore target sits above the current NYSE price, but the latest operating figures point in two directions. Personal Systems is expanding, while margin pressure and weaker Printing revenue remain material counterweights. The fiscal third-quarter call said HP expects the fourth-quarter Personal Systems margin to reach a low point before improving in fiscal 2027.

The further course of trading is shown by the continuously updated real-time quote of HP Inc stock.