HP is trading 4.04% down now at $28.51 after Morgan Stanley maintained its Underweight rating but reduced its price target from $19 to $17 on August 24, 2026.

  • The sharply lower target likely intensified selling ahead of HPā€™s August 26 fiscal third-quarter earnings release.
  • Broader technology weakness, including a 1.59% sector decline, is adding pressure, but the analyst action is the clearest company-specific catalyst.