With a market cap of $24 billion, HP Inc. (HPQ) provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. Founded in 1939, the Palo Alto, California-based company operates through three segments: Personal Systems, Printing, and Corporate Investments.

Companies worth $10 billion or more are typically referred to as "large-cap stocks." KDP fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the Computer Hardware industry. HPQ benefits from being one of the world’s largest and most popular providers of personal computers and other related devices.

Despite its strengths, the stock has plunged 37.6% from its 52-week high of $39.79 touched on Nov. 25, 2024. Moreover, over the past three months, HPQ stock has declined 13.3%, underperforming the S&P 500 Index’s ($SPX) 8.1% uptick during the same time frame.

 HPQ stock has declined 23.9% on a YTD basis, underperforming SPX’s 2.4% uptick in 2025. Additionally, HPQ has declined 31.7% over the past 52 weeks, significantly underperforming SPX’s 12% gains.

To confirm its downtrend, HPQ has been trading below its 200-day moving average since December and below its 50-day moving average since late May.

HPQ stock declined 4% following the release of its Q2 earnings on May 28. The company’s net revenue grew 3.3% year-over-year to $13.2 billion, driven mainly by strong Commercial performance in the Personal System segment. Moreover, its adjusted operating margin declined by 1.5 basis points to 7.3% for the quarter, indicating lower profitability. HPQ’s non-GAAP earnings declined 13% year-over-year to $0.71 and failed to meet the consensus estimates by 11.3%.

Its rival, Dell Technologies Inc. (DELL), is also in the same boat, with its shares declining 15.5% over the past 52 weeks and 3.5% in 2025, outperforming the stock.

Among the 14 analysts covering the HPQ stock, the consensus rating is a “Hold.” Its mean price target of $28.68 suggests a modest 15.6% upside potential from current price levels.