Goldman Sachs Cites Secular PC Margin Pressure in Sell Call on HP Inc. (HPQ)

The expert told investors successful a probe enactment however pursuing a stronger-than-expected FY25 and imaginable request impacts from higher pricing, it seems that statement expectations for Personal Systems maturation successful FY26 whitethorn beryllium excessively high.

The steadfast continues to similar HPQ’s sector-leading shareholder returns profile, believing HPQ is the astir exposed to secular pressures connected PC margins and demand.

“While we proceed to similar HPQ’s sector-leading shareholder returns illustration (target 100% of FCF returned to shareholders) and judge the institution volition beryllium capable to support its beardown marketplace stock positions successful PCs and Print, HPQ is the astir exposed sanction successful our sum to secular pressures connected PC margins and demand, and arsenic such, we spot downside to statement income and net estimates successful F2026/27.”

HP Inc. (NYSE:HPQ) is simply a exertion institution that specializes successful idiosyncratic computing and printing solutions.

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