Product News
“Trading idea”: HP Inc. – Old business, new opportunities
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Serge Nussbaumer
Chefredaktor
Long Factor Certificate on HP Inc.
Just under a year has passed since the faltering computer giant Hewlett-Packard (HP) split into two companies of almost equal size. Hewlett-Packard Enterprise (HPE) combines products such as servers, software and services aimed at the corporate IT sector. In contrast, the traditional business with printers and computers remained under the HP umbrella. The two divisions not only went their own ways at an operational level, but also on the stock market. While HPE shares have risen slightly since last fall, HP is deep in the red. However, the bottom may now have been reached.
Most recently, the share price was mainly in the range between USD 24 and USD 26. A short-term upward trend has now emerged from this consolidation, taking the share price into the USD 27/28 range. In the process, the 100-day moving average was breached, which is now bending slightly upwards again. The next target is now the 200-day line at USD 29.20.
“Bold investors can bet on the HP comeback with a leverage certificate. is not only Bitcoin, but also sells technology solutions”
On its way up, the technology stock is receiving a tailwind from good fundamental data. Rising demand for modern PCs led to an increase in HP’s revenue of around 3% to USD 13.93 billion in the past quarter. This exceeded analysts’ expectations of USD 13.7 billion. Earnings of USD 0.75 per share, on the other hand, were exactly in line with forecasts. HP CFO Karen Parkhill is also optimistic about the future: “We remain confident in the strong market opportunity for PCs and expect continued momentum from the Windows 11 refresh and the introduction of AI PCs”. Accordingly, the number cruncher anticipates adjusted earnings per share of between 87 and 97 US cents. The middle of this range is therefore exactly in line with the analysts’ estimate of 92 US cents.
One fly in the ointment is the printing segment, which had to bake smaller rolls in the past quarter. However, analysts at J.P. Morgan expect the printing business to improve and profit pressure to decrease. According to the brokerage house, the main driver of the company’s recovery will remain the well-positioned Personal Systems segment for the time being. The analysts raised their price target from USD 27 to USD 30 after publication of the interim report and recommend “overweight”.
Bold investors who want to bet on the comeback of the HP share, which has already begun, can consider a constant leverage certificate. The CHF-denominated product offers a constant leverage of 8.0.
Attention
Despite the open-end structure, the leverage certificate is primarily suitable for short-term speculation. This is because the performance of the certificate may differ from the underlying if it is held for a longer period. The product traded on SwissDOTS can be traded every trading day between 8:00 and 22:00.
Product information*
| ISIN | CH1423417372 |
| Product type | Long factor certificate |
| Underlying | HP Inc. |
| Issuer | BNP Paribas |
| Rating | A+ (S&P) |
| Trading currency | CHF |
| First trading day | 13.06.2025 |
| Maturity | open-end |
| Underlying | USD |
| Factor | 8 |
| Ask* | CHF 16.57 |
| Exchange | Swiss DOTS |
| Weblink | payoff.ch/CH1423417372 |
HP Inc. share price performance
