Barclays Raises Price Target for HP Inc. (NYSE: HPQ) Amid Strong Q2, Cautious Outlook

• Barclays recently increased its price target for HP Inc., reflecting an analyst update despite a potential downside from current stock prices.
• HP reported robust second-quarter financial results, with revenues and earnings per share surpassing analyst expectations.
• Despite strong Q2 performance, HP has revised its full-year profit outlook downwards, leading to a more cautious analyst perspective.

HP Inc. (NYSE: HPQ) is a major technology company that produces personal computers and printers. As a significant player in its industry, the company currently has a market capitalization of approximately $23.4 billion. The stock recently traded at $25.49 per share, with a daily trading range between $23.96 and $25.56.

The overall theme centers on a recent analyst update for HP. On May 28, 2026, an analyst from Barclays raised their price target on the stock to $19.00 from $16.00. This new price target, however, represents a potential downside of approximately 25.46% from the stock's price when the target was announced.

The price target increase follows HP's strong second-quarter performance. The company posted revenues of $14.41 billion and earnings of $0.86 per share. As highlighted by Zacks, these financial figures surpassed analyst estimates and showed improvement from the same period last year, when the company earned $0.71 per share.

Despite the strong quarter, the analyst's cautious price target may reflect the company's revised future guidance. As reported by the WSJ, HP has cut its full-year profit outlook. The company now expects a profit between $2.15 and $2.45 a share, down from its previous forecast of $2.47 and $2.77 a share.