Affected by high inflation, the global PC market demand is sluggish, and shipments continue to grow negatively. However, HSBC Global Research analysts believe that driven by three factors, the PC market has bottomed out, and PC giant Hewlett-Packard (HP) has benefited greatly, and the stock price is expected to be profitable**.
barron'Stephen Bersey, head of global research technology at HSBC, issued a research report on February 14, upgrading HP's investment recommendation rating from "hold" to "buy" and raising the target price from $30 to $33.
On February 14, HP's stock price was **156%, 28$58.
Bersey named HP as having three major catalytic benefits, including the PCs sold in the early days of the COVID-19 epidemic almost entering the replacement period, driving the demand for replacing the old with the new, and Microsoft will stop supporting the Windows 10 operating system that came out in 2015 in October 2025, which is conducive to the recovery of demand for commercial PCs.
According to data from market research firm Canalys, global PC shipments increased by 3% year-on-year in the fourth quarter of 2023, getting rid of the continuous negative growth. According to Canalys, global PC shipments are expected to increase by 8% annually in 2024.
HP is the world's second-largest PC brand, after Lenovo.
Canalys**, 2025 is a critical year for AI PCs, and with the significant increase in popularity, 2027 is expected to account for 60% of overall PC shipments.
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