HPQ

HPC

NYSE / Technology Hardware & Equipment

At close

2026-06-02

Current thesis

HP delivered a Q2 beat, with Personal Systems revenue up 13% y/y, non-GAAP EPS above the prior outlook, and strong free cash flow. The bull case is that commercial PC refresh, AI PC launches, and disciplined capital returns offset component inflation and keep FY26 free cash flow near the guided $2.8B-$3.0B range.

Posture

Mixed

Lead driver

Value

What changed

5 setup hits (3d) with net bullish as of 2026-06-02.

What can break

Inventory and receivables both moved higher quarter over quarter, so working-capital pressure needs watching if demand slows.

Momentum

Value

Sentiment

Setup hits (3d)

5 · Net Bullish

AI TargetsBase $20.00 · Bull $29.00 · Bear $16.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-29 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Bullish

Target $19.68

Why

Momentum53 · Δ7d +13.4

Value69 · Δ7d -1.0

Sentiment37 · Δ7d -20.3

So what

Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+13.4

Δ21d

+49.6

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-1.0

Δ21d

-1.7

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-20.3

Δ21d

-31.1

Why this grade

Composite grade C. Momentum 52.5 / Value 69.0 / Sentiment 37.1

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$26.83B

Beta

1.22

Shares Out

917.98M

P/E (TTM)

8.2

P/S (TTM)

0.36

P/FCF (TTM)

11.61

Rev YoY

+4.2%

EPS YoY

-9.7%

Gross Margin

+20.6%

Op Margin

+5.8%

Net Debt

$5.96B

Current Ratio

0.77

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology