Hewlett-Packard (HPQ) continues to struggle to shed its reputation as an "old tech" stock with far too many headaches.
Wall Street is hardly bullish on the company, with more analysts having a "hold" rating (53%) than a "buy" (44%). The consensus price target of $36.29 offers little upside to its recent price of about $35.
That cautious sentiment is understandable given the disastrous three-year stretch HP investors endured between 2010 and 2012.
Related: Meg Whitman has rescued HP
But HP did spike 96% last year as CEO Meg Whitman's rescue efforts began to pay off. After suffering a loss in fiscal 2012, HP was back in the black last year and is expected to post earnings growth in the current fiscal year.
It's also worth noting HP's decent dividend yield of 1.83% as well as the company's efforts to put the failed $11 billion acquisition of Autonomy behind it.
