BUZZ-HP Inc shares dip despite beating Q3 revenue estimates
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HP Inc shares fell 1.6% to $26.68 in premarket trading despite beating Q3 revenue estimates with $13.93 billion, driven by AI demand and Windows 11 upgrades. J.P. Morgan raised the price target to $30, maintaining an "overweight" rating, citing a favorable outlook for HP's Personal Systems segment. The print business is also improving, helping to alleviate profit pressures. However, HPQ shares are down 17% year-to-date, with an average stock rating of "hold" and a median price target of $27.
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