HP Inc. Shares Down 3.24% as Rising Costs Weigh on 2026 Forecast
Harbor Capital’s Mid Cap Value Fund reported HP’s shares fell 3.24% over the past month with a market capitalization near $17.6 billion. The fund highlighted HP’s lack of AI-driven growth benefits, rising costs and a softer 2026 earnings outlook but kept its position unchanged.
1. Recent Share Performance and Valuation
HP Inc.’s shares declined 3.24% over the past month, trading as low as $17.56 and as high as $31.43 over the last 52 weeks. As of January 26, shares stood at $18.81, giving the company a market capitalization of approximately $17.6 billion.
2. Outlook and Fund Position
The Mid Cap Value Fund noted that HP has not capitalized on AI-driven growth like larger peers and faces rising operational costs alongside a weaker-than-expected 2026 earnings forecast. Despite these headwinds, the fund maintained its HP position, signaling continued conviction in its long-term value.