2024-04-27 10:06:16 ET
Summary
- HP Inc. stock has potential for growth, as indicated by a recent pullback and a bullish "Golden Cross" formation on the chart.
- Analysts expect strong earnings and revenue growth for the company in the coming years, with a low price-to-earnings ratio.
- Hedge fund billionaire David Einhorn is buying shares of HP Inc. due to the potential of AI and a PC upgrade cycle.
HP Inc. ( HPQ ) is a leading maker of personal computers, printers and other related items. This stock has languished compared to other tech stocks and it has been thought of as boring, much like Microsoft ( MSFT ) was just a few years ago. However, it looks like things could get much more exciting in the coming years, and what seems to be confirming this new potential excitement is the recent disclosure that a hedge fund billionaire has been buying this stock. Let's take a closer look:...
Read the full article on Seeking Alpha
For further details see:
HP, Inc.: I'm Buying This AI Bargain With A 4% Yield Before The PC Upgrade Cycle Kicks In