HP Strikes Huawei Wi-Fi 7 Patent Deal, Analysts Lift Targets After Q3 Beat
HPQ sits 72% above its 52-week low of $17.56.
Summary
HP's weekly recap confirms Q3 revenue of $15.7B (+12.5% YoY) and non-GAAP EPS of $0.83, with full-year EPS guidance raised to $2.52–$2.62 GAAP. The new Huawei cross-license grants HP rights to Wi-Fi 7 patents, though financial terms are undisclosed. Analysts lifted price targets: TD Cowen to $30, Evercore ISI to $32, UBS to $28. The stock has already fallen sharply post-earnings on weak PC market guidance, so the recap adds little new financial information beyond the patent deal and analyst actions. Enterprise AI plans across smart PCs, workplace ecosystem, and IT control plane are outlined but lack specifics.
At the time of this announcement, HPQ was trading at $30.28 on NYSE in the Technology sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $17.56 to $32.19. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.