Core Viewpoint - MicroStrategy, Micron Technology, and HP are identified as undervalued tech stocks with significant growth potential despite current market challenges [1]. Group 1: MicroStrategy - MicroStrategy transitioned from a slow-growth data software provider to a Bitcoin hoarder, holding 226,500 Bitcoins valued at $13.8 billion, which constitutes 37% of its enterprise value of $37.2 billion [2]. - Analysts predict that MicroStrategy's core software business will see minimal revenue growth and incur losses, while the company may take on more debt and issue shares to fund additional Bitcoin purchases [2][3]. - The stock appears expensive at 78 times this year's sales, but could be undervalued if Bitcoin prices rise significantly in the future [3]. Group 2: Micron Technology - Micron is a leading manufacturer of DRAM and NAND memory chips, known for producing denser and more power-efficient products compared to competitors [4]. - The company faced a 49% revenue decline in fiscal 2023 due to a downturn in PC shipments and the end of the 5G smartphone upgrade cycle, but revenue rebounded by 62% in fiscal 2024 as markets stabilized [4]. - Analysts forecast a 52% revenue increase in fiscal 2025, with adjusted EPS rising nearly sevenfold, making Micron's stock attractive at just 11 times forward earnings [5]. Group 3: HP - HP is a major producer of PCs and printers, experiencing growth during the pandemic, but faced revenue declines in fiscal 2022 and 2023 due to weakened consumer sales and macroeconomic challenges [6]. - The company has implemented cost-cutting measures and share buybacks, resulting in an 8% increase in adjusted EPS in fiscal 2022, followed by an 18% decline in fiscal 2023 [6]. - Despite a gloomy outlook with flat revenue expected for fiscal 2024 and only a 3% growth in adjusted EPS, HP's stock is considered undervalued at 10 times forward earnings, with a forward dividend yield of 3.1% [6][7].

HP (HPQ) closed the latest trading day at $35.18, indicating a +1.21% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.08%.Shares of the personal computer and printer maker have depreciated by 1.75% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21%.Analysts and investors alik ...

HP was downgraded on fears of a delayed PC recovery.Shares of PC and printer maker HP (HPQ -3.35%) fell today, down as much as 4.8% at one point before recovering to a 4.1% decline as of 1:50 p.m. ET.Back when the old Hewlett-Packard split in two, HP retained the legacy, low-growth businesses of PCs and traditional ink printers.While some had hoped for a late-year boost thanks to the advent of the "AI PC," one analyst wrote today that the refresh might not be coming until next year, or even beyond.Citi down ...

One pundit became more pessimistic on the company's future earnings potential.HP (HPQ -3.91%) wasn't exactly the belle of the stock market ball on Friday. Although the company had little of its own news to report that day, its shares were shaken by a new research note by an analyst. This led to an outflow of investors from the stock, leaving it nearly 4% down in price at market close. That was a notably more pronounced decline than the 0.1% dip of the S&P 500 index.Too dependent on EPS-boosting stock buybac ...

It has been about a month since the last earnings report for HP (HPQ) . Shares have added about 3.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is HP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. HP Q3 Earnings Miss Estimates, Revenues Grew Y/YHP Inc.’s third- ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying HP stock? Here’s what analysts think: Read Next: ...

MONTREAL, Sept. 27, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to announce that HPQ Silica Polvere Inc. (“HSPI”)[1] has reached a major milestone in the commercial validation of its proprietary Fumed Silica Reactor (“FSR”) process. Technology supplier PyroGenesis Canada Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY) (“PyroGenesis”) has informed HS ...

HP (HPQ) closed at $36.05 in the latest trading session, marking a +0.59% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.04%.The personal computer and printer maker's shares have seen an increase of 0.67% over the last month, not keeping up with the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95%.The upcoming earnings release of HP will be of great intere ...

HP Inc. (HPQ) shares have gained 39.3% in the past 12 months, outperforming the Zacks Computer - Micro Computers Industry’s and the S&P 500 index’s return of 32.9% and 33.8%, respectively. HPQ’s outperformance reflects investors’ confidence in the company’s innovative portfolio, which is also demonstrating significant growth in the artificial intelligence (AI) space.Recently, HPQ launched the HP OmniBook Ultra Flip 14-inch Next-Gen AI PC, HP EliteBook X 14-inch Next-Gen AI PC and Z by HP Gen AI Lab. The Omn ...

News Highlights Unveils HP Print AI, including intelligent features to simplify and enhance printing from setup to supportLaunches Perfect Output feature for consistent and accurate prints every timeExpands availability of HP Scan AI Enhanced to digitize workflows and help people work smarterDebuts HP Build Workspace, new AI-enabled print collaboration ecosystem for design and construction PALO ALTO, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Today at HP Imagine, HP Inc. (NYSE: HPQ) unveiled HP Print AI, th ...