B+
Bull case
25%
Probability
Target price
$34.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
HPQ
HPANYSE / Technology Hardware & Equipment
Last Price
Quote time unavailable
Current thesis
Q3 revenue rose 12.5%, non-GAAP EPS exceeded HP's prior guidance range, and free cash flow reached $1.6 billion. Continued premium-PC mix and cost control could sustain the improvement, though Q3 EPS included $0.11 of tariff refunds.
Posture
Constructive
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta -1.0.
What can break
Fiscal 2027 PC-unit guidance remains unspecified, limiting forward visibility. [#8-K-2026-09-21]
Momentum
90
Value
69
Sentiment
47
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $31.00 · Bull $34.00 · Bear $25.00Analysis 2026-10-20; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-20 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-26
Investment thesis
As of 2026-10-26
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $27.39
Why
Momentum90 · Δ7d +17.9
Value69 · Δ7d -1.0
Sentiment47 · Δ7d -10.7
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Confirming evidence
- • Value remains the lead driver in the composite, 7D delta -1.0.
Contradictions & invalidation
- • Fiscal 2027 PC-unit guidance remains unspecified, limiting forward visibility. [#8-K-2026-09-21]
- • HP disclosed reliance on Canon for certain laser printer engines and toner cartridges; no current disruption or supplier exposure fraction is established. [#REL-aea2d595-252c-4772-9e6e-dae6d50e5902]
- • PC unit declines, Printing revenue down 2%, Supplies revenue down 3%, and a 0.6-point decline in non-GAAP operating margin complicate the growth story.
Catalyst clock
2026-10-31
Fiscal Q4 underlying EPS and cash-flow test
Lead driver: Value · See fundamentals
Momentum
90
8% active weight
Current posture
7d trendImproving
Δ7d
+17.9
Δ21d
+1.6
Value
69
47% active weight
Current posture
7d trendFlat
Δ7d
-1.0
Δ21d
-1.0
Sentiment
47
45% active weight
Current posture
7d trendSoftening
Δ7d
-10.7
Δ21d
-5.9
Why this grade
Composite grade A. Momentum 89.9 / Value 69.1 / Sentiment 47.3
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-20. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$31.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$25.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$30.34B
Beta
1.22
Shares Out
901.79M
P/E (TTM)
8.2
P/S (TTM)
0.36
P/FCF (TTM)
11.61
Rev YoY
+11.0%
EPS YoY
+14.6%
Gross Margin
+20.3%
Op Margin
+7.2%
Net Debt
$7.18B
Current Ratio
0.79
As of 2026-10-26 • Updated nightlySource: Internal modelMethods & Data