On January 13, Mike Ng of Goldman Sachs downgraded HP Inc. (NYSE:HPQ) from Hold to Sell and lowered the price target from $24 to $21.
The firm expressed concerns about pressures affecting the company's PC margins and slowing demand. Goldman Sachs acknowledged HPQ as a leading company aiming to return 100% free cash flow to shareholders and noted its ability to protect market share in both segments.
However, the firm stated that increased exposure in the PC market reflects downside risk for HPQ's 2026 and 2027 estimates.
On January 6, HP Inc. unveiled its HyperX OMEN MAX 16 gaming laptop at CES 2026. Management said the laptop delivers up to 300W Total Platform Power through Intel Core Ultra 200HX series processors. It also features AMD Ryzen AI processors and NVIDIA GeForce RTX 5090 Laptop GPU.
HP Inc. is a global technology company specializing in personal computing, printing, and related services.