Is it too late to consider buying HP Inc. (NYSE: HPQ)?

Let’s talk about the popular HP Inc. (NYSE: HPQ). The company’s shares have seen significant fluctuations in recent months on the New York Stock Exchange, reaching a high of US$30.86 and a low of US$27.62. Certain stock price movements can give investors a better opportunity to enter the stock and potentially buy at a lower price. One question that needs to be answered is whether HP’s current stock price of US$29.65 reflects the true value of the large-cap company? Or is it currently undervalued, giving us an opportunity to buy? Let’s take a look at HP’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Check out our latest analysis for HP

What is the opportunity at HP?

Good news, investors! HP is still a good deal right now. Our valuation model shows that the intrinsic value of the stock is $40.38, but it is currently trading at US$29.65 on the stock market, meaning there is still a buying opportunity now . What’s more interesting is that HP’s stock price is quite volatile, which gives us more chances to buy since the stock price could go down (or up) in the future. This is based on its high beta, which is a good indicator of how the stock is doing relative to the rest of the market.

What kind of growth will HP generate?

profit and revenue growth
NYSE: HPQ Earnings and Revenue Growth on May 10, 2024

Investors looking for growth in their portfolio may want to consider a company’s prospects before buying its shares. Buying a great company with a strong outlook at a cheap price is always a good investment, so let’s also take a look at the company’s future expectations. However, with negative earnings growth of -17% expected over the next two years, near-term growth certainly does not appear to be a driving factor for a buying decision for HP. This certainty tilts the risk-reward scale toward higher risk.

What this means for you

Are you a shareholder? Although HPQ is currently undervalued, the negative outlook brings some uncertainty, which equates to higher risk. Determine whether you want to increase your portfolio’s exposure to HPQ or whether diversifying into another security may be a better solution for your total risk and return.

Are you a potential investor? If you’ve been keeping your eye on HPQ for a while, but are hesitant to take the plunge, we recommend researching the stock further. Given its current undervaluation, now is the perfect time to make a decision. But keep in mind the risks of negative growth prospects going forward.

If you want to learn more about HP, you will also look at the risks it currently faces. For example, we identified 5 warning signs for HP (2 are concerning) that you should know about.

If you are no longer interested in HP, you can use our free platform to view our list of over 50 other stocks with high growth potential.

The assessment is complex, but we help to simplify it.

Find out if HP is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to constitute financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your objectives or your financial situation. Our goal is to provide you with targeted, long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.