HP, Dell Technologies And 3 Stocks To Watch Heading Into Friday

As the tech sector continues to evolve, investors are keeping a close eye on key players like HP Inc. (HPQ) and Dell Technologies (DELL). With the market showing signs of recovery and inflation uncertainty subsiding, tech stocks are poised for growth. Here's a look at HP, Dell, and three other stocks to watch heading into Friday.

HP Inc. (HPQ)

HPQ has seen steady revenue and earnings growth, with analysts predicting a 10.72% increase in its stock price to $36.68. The company's Personal Systems and Print divisions have driven this growth, with analysts maintaining a "hold" rating for the stock. HPQ's revenue is expected to increase by 3.53% this year and 2.93% next year, reaching $55.45B and $57.07B, respectively. EPS is expected to grow by 28.72% this year and 4.44% next year, reaching $3.62 and $3.78, respectively.



Dell Technologies (DELL)

Dell Technologies has experienced more significant revenue and earnings growth, with analysts predicting a 35.95% increase in its stock price to $146.59. The company's strong fundamentals, including a high mix of growth, profitability, debt, and visibility, have driven this growth. Analysts have a "Strong Buy" rating for DELL stock, indicating that they believe the stock is likely to perform very well in the near future and significantly outperform the market. Dell's revenue is expected to increase by 11.00% this year and 7.42% next year, reaching $98.16B and $105.44B, respectively. EPS is expected to grow by 83.19% this year and 18.09% next year, reaching $7.99 and $9.43, respectively.



Three Stocks to Watch

1. Nvidia Corporation (NVDA)
NVDA has been a top-performing stock in 2024, with shares climbing 181% and the company's valuation gaining more than $2 trillion. Analysts expect NVDA to continue its strong performance, with a 18.4% upside potential. The company's new GPU lineup, known as Blackwell, is expected to drive demand and growth in 2025.
2. Microsoft Corporation (MSFT)
Microsoft is expected to benefit from the growing demand for generative AI, with analysts predicting a 9.1% upside potential. The company's investment in ChatGPT maker OpenAI, Azure cloud services business, and integration of AI search features are expected to drive growth in 2025.
3. International Business Machines Corp. (IBM)
IBM is expected to see an 8.2% upside potential, driven by its strong position in AI and cloud computing. The company's AI-powered solutions and services, as well as its strategic partnerships, are expected to fuel growth in the coming years.



In conclusion, HP and Dell Technologies are well-positioned for growth in the tech sector, with analysts predicting significant increases in their stock prices. Additionally, Nvidia, Microsoft, and IBM are three stocks to watch heading into Friday, with analysts expecting strong performance driven by AI and cloud computing growth. As the tech sector continues to evolve, investors should keep a close eye on these companies and their respective growth prospects.