Citigroup Lowers Price Target for Hewlett-Packard (HPQ)

Citigroup Lowers Price Target for Hewlett-Packard (HPQ)


Analysts at Citigroup cut the price target for tech company Hewlett-Packard Company (HPQ) on Wednesday.

The analysts now value HPQ at $10.50, a -10% downside from Tuesday’s closing price of $11.61. Citigroup also cut estimates for the tech company following the startling fourth quarter report on Tuesday and expected struggles in growth in the future.

Hewlett-Packard shares were up 2 cents, or +0.17%, in premarket trading on Wednesday. HP stock is down -54.54% year-to-date.

The Bottom Line
Shares of Hewlett-Packard (HPQ) have a 4.53% dividend yield, based on last night’s closing stock price of $11.71. The stock has technical support in the $10.00-$11.50 price area. If the shares can firm up, we see overhead resistance around the $13-$15 price levels.

Hewlett-Packard Company (HPQ) is not recommended at this time, holding a DARS™ Rating of 2.8 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today