Is HP Stock Underperforming the Nasdaq?
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With a market cap of $26.1 billion, HP Inc. (HPQ) is a top provider of personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. Founded in 1939, the Palo Alto, California-based company operates through three segments: Personal Systems, Printing, and Corporate Investments.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." KDP fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the Computer Hardware industry. The company benefits from strong brand recognition, a broad global presence, and a diversified portfolio that spans PCs, printers, and emerging areas such as 3D printing. Its significant R&D investments and focus on innovation help it stay competitive in trends such as AI-enabled PCs and hybrid work solutions.
Despite its strengths, the stock has plunged 29.7% from its 52-week high of $39.79 touched on Nov. 25, 2024. Moreover, over the past three months, HPQ stock has increased 13.1%, outpacing the broader Nasdaq Composite’s ($NASX) 12.6% rise over the same time frame.
HPQ shares are down 14.3% year-to-date, trailing the Nasdaq Composite’s 14.7% gain in 2025. Over the past 52 weeks, the stock has fallen 15.5%, compared with a 26% advance in the index.
Notably, while HPQ has remained below its 200-day moving average since December, it has been trading above its 50-day moving average since early August.
On Sept. 10, HP shares fell more than 2% after Evercore ISI downgraded the stock to “In Line” from “Outperform.” The downgrade reflected concerns about limited upside potential relative to peers and ongoing headwinds in the PC and printing markets, where demand has been sluggish.
Its rival, Dell Technologies Inc. (DELL), has gained 11.5% over the past 52 weeks and 8.5% in 2025, outperforming HPQ.
Among the 15 analysts covering the HPQ stock, the consensus rating is a “Hold.” Its mean price target of $28.30 suggests a modest 1.2% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.