Is HP Stock a Buy?

Jamal Carnette, CFA, The Motley Fool
·4 min read
Is HP Stock a Buy?

The company's roots date back to 1939, when its namesake founders, Bill Hewlett and Dave Packard, launched the company in a Palo Alto garage. In recent years, shares of the "old tech" company continue to underperform the overall technology sector, gaining 17% in the last three years versus 95% for the greater Nasdaq 100 index. Many value investors are wondering if there's an opportunity here due to the company's attractive valuations: HP currently trades at 9.5 times forward earnings estimates.