HSBC upgrades HP to 'buy' on improved PC sales momentum
ReutersOct 14, 2025 1:59 PM
Shares of PC maker HP Inc HPQ.N rise 2.4% to $28 in early trading
HSBC upgrades stock to "buy" from "hold", raises PT to $30 from $28.1
Brokerage says co's PC unit sales look better than it previously expected, citing data from research firms IDC and Omidia
With Microsoft ending support for Windows 10 by October 14, HSBC expects a surge in new device purchases
HSBC says co's shift away from China imports has lowered tariff risks; adds printer sales outlook "less bad than feared"
Co will report its quarterly results next month
Avg rating of 18 analysts is "hold"; median PT is $28.1, according to data compiled by LSEG
including session moves, stock down 14% YTD
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