--- title: "Weekly Recap | HP -3.04%, consensus target below spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/299511513.md" description: "HP closed the week down 3.04% at $34.40, while the S&P 500 slipped 0.08%, leaving the stock about 2.96 percentage points behind the market. The action was choppy: shares opened near $35.12 on Monday, broke below $34, and kept sliding into Wednesday’s low around $32.65. Thursday saw a sharp rebound attempts up to $34.84, and Friday’s volume jumped to 35.5m shares, but the close settled back at $34.40. Weekly amplitude came to 7.49%, with average daily volume about 37." datetime: "2026-09-19T06:07:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299511513.md) - [en](https://longbridge.com/en/news/299511513.md) - [zh-HK](https://longbridge.com/zh-HK/news/299511513.md) generator: "portal-rs" --- # Weekly Recap | HP -3.04%, consensus target below spot ## The Week HP closed the week down 3.04% at $34.40, while the S&P 500 slipped 0.08%, leaving the stock about 2.96 percentage points behind the market. The action was choppy: shares opened near $35.12 on Monday, broke below $34, and kept sliding into Wednesday’s low around $32.65. Thursday saw a sharp rebound attempts up to $34.84, and Friday’s volume jumped to 35.5m shares, but the close settled back at $34.40. Weekly amplitude came to 7.49%, with average daily volume about 37.9% above the median. ## Key Events The week’s news flow was fairly quiet, though HP’s security business kept putting out signals. On Friday, HP Wolf Security flagged that a fake crypto-trading assistant was spreading malware on Windows PCs, continuing the company’s steady warnings around PC security threats. Monday also left a market footprint from the prior week: HPQ surged 8% on that Friday, with some call options jumping 1,000%, but that momentum did not carry into this week as the stock drifted lower. Meanwhile, the Monday gains in Dell Technologies, HPE, and NetApp were more about broad momentum in hardware, storage, and peripherals than any HP-specific catalyst. ## Analyst Ratings A total of 18 firms cover HP. Among them, 2 rate it buy, 10 hold, 3 under, and 3 sell; counting strong buy within the bullish camp, neutral and positive ratings still dominate. The consensus rating is hold, with a consensus target of $29.66, about 13.8% below the current price of $34.40. Targets range from $19.00 to $72.00, a wide spread that points to sharp disagreement. Within the hardware, storage, and peripherals industry, HP ranks 10th out of 32 names, against an industry mean of 10 and median of 5. ## The Week Ahead Next week brings a fairly busy slate of US macro data. The Richmond Fed composite index lands on Tuesday, with a prior reading of 4. On Wednesday, the EIA releases weekly crude oil inventories and Cushing inventories, with prior figures of -0.64 and -0.342 respectively. Thursday is the heavy day: initial jobless claims, with a prior of 196, as well as new home sales, where the prior is 0.607m and the consensus forecast 0.608m. The current account balance and EIA natural gas stocks round out the week. HP itself has no earnings scheduled, but as a hardware name sensitive to rates and end demand, those macro prints could still sway sentiment. ## In Short HP spent the week swinging between $32.56 and $35.19, closing at $34.40. The consensus rating remains hold and the consensus target sits below spot, a setup that contrasts with the latest session’s money flows, where small and medium orders showed relatively larger net inflows than large orders. On valuation, the static P/E of about 12.7x is not stretched. The central tension to watch is whether next week’s macro data shifts the PC demand outlook, and whether HP can hold ground near its recent highs. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [HPQ.US](https://longbridge.com/en/quote/HPQ.US.md) ## Related News & Research - [Global PC shipments crater 20% as rising prices hammer demand](https://longbridge.com/en/news/301408098.md) - [Why Is HP Stock Falling on Monday?](https://longbridge.com/en/news/299670196.md) - [Sandisk Stock Is Falling Thursday: What's Going On?](https://longbridge.com/en/news/301982790.md) - [Peter Schiff Warns Trump’s ‘Booming’ Stock Market Boast Is a Mirage: 479 Stocks Hit 52-Week Lows on Wednesday, While Only 60 Set Highs](https://longbridge.com/en/news/301958076.md) - [Why Is Rocket Lab Stock Plunging in Premarket Today? What This Top Analyst Sees Next](https://longbridge.com/en/news/301962657.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**