HPQ Stock Forecast: Healthy Printing Business Makes HP Inc. A Buy
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- HPQ’s price dropped -11.99% during after-hours trading on February 27. This was a big thumb down post-Q1 2019 earnings report.
- If the market opens at $20.99 today, I will consider it as a great opportunity to buy more shares of this PC and printing market leader.
- HP Inc’s Q1 2019 was not that bad to justify a prolonged bearish emotion. The weak holiday quarter performance is likely due to stiff competition on PCs and printers.
- What’s more important is that HP Inc. is making a profit and is growing its commercial printers and laptop business segments.
- HP Inc. has a solid tailwind from the growing $24 billion/year outdoor advertising industry.