2 No-Brainer Tech Stocks to Buy Right Now
Many tech stocks have soared recently, but there are still bargains to be found at the corner of Wall Street and Silicon Valley. Here are two recent underperformers that deserve better, making them no-brainer buys in July.
Personal computer systems veteran HP Inc. (NYSE: HPQ) can't catch a break on the stock market. Share prices are down 35% since last November. They trade at the bargain-bin valuation of 9.8 times earnings and 9.0 times free cash flows. In other words, HP is a richly profitable cash machine, but its stock isn't getting any love from traders and investors.
I know that the company isn't always meeting Wall Street's expectations. May's second-quarter report, for example, fell short of the analyst community's consensus earnings target, despite a stronger top-line revenue performance than expected. Printing sales were down but HP sold plenty of computers, especially in the category of commercial-grade workstations.
Source Fool.com
HP Inc. Stock
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 28 € shows a positive potential of 32.54% compared to the current price of 21.13 € for HP Inc..
