JPMorgan mixed in HP ( HPQ ) amid demand concerns


HP Inc. (NYSE:HPQ) is one of them The most undervalued AI stocks to buy now.

With significant analyst and hedge fund sentiment, along with a low forward price-to-earnings (PE) ratio, HP Inc. (NYSE: HPQ ) secures a spot on our list of the most undervalued AI stocks to buy right now.

On February 25, 2026, JPMorgan cut the target from $21 to $19, while reiterating a ‘neutral’ rating. The company updated its model following the release of fiscal Q1 earnings, incorporating a challenging earnings outlook.

The company had cut the target from $25 on February 19, 2026, when analysts at JPMorgan dismissed the case for a raise, citing weak sentiment. Bank analysts warned that HP Inc. (NYSE: HPQ ) short-term results could be strong due to pull forward demand, but that won’t be indicative of underlying demand.

JPMorgan mixed in HP ( HPQ ) amid demand concerns
JPMorgan mixed in HP ( HPQ ) amid demand concerns

Pixabay / Public Domain

Meanwhile, as of February 26, 2026, HP Inc. (NYSE:HPQ) traded at $18.81, down more than 44% from its 52-week high of $34.07. The company’s shares are under pressure as broader industry challenges weigh on the PC maker’s outlook.

Amid investor sentiment, analysts elsewhere on HP Inc. (NYSE:HPQ) doesn’t seem too happy about it.

Citi cited violations related to end demand for PCs on February 17, 2026, and HP Inc. (NYSE: HPQ) issued a consensus opinion. The company maintained its ‘Neutral’ rating and lowered the target to $20 from $22.

HP Inc. (NYSE:HPQ) offers personal computers, printers, supplies, and related solutions, serving both business and consumer customers.

While we accept the potential of HPQ as an investment, we believe that some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.

Read more: 12 best broken tech stocks to buy and 7 most volatile stocks to day trade under $5, according to Wall Street analysts.

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