The Best Computer Hardware Stocks to Purchase Right Now

The computer hardware industry has been under pressure since the start of the year, as traders anticipated a decrease in PC demand following the epidemic. Indeed, analyst predictions for these stocks have begun to decline in recent months. Certain equities, on the other hand, are trading at reasonable valuations and may attract speculative traders.

HP

HP stock has recently gained traders' interest following Berkshire Hathaway's announcement of a nearly 10% position in the company.

Analyst forecasts have been relatively steady in recent weeks. HP is currently predicted to post earnings of $4.27 per share this year and $4.39 per share the next year, implying that the stock is trading at about an 8 ahead P/E, which appears cheap in the present market climate.

The critical question is if analyst projections begin to decline in response to concerns about the global economy's health. HP stock may find more support if earnings projections remain unchanged.

Western Digital Western Digital

Year to date, Western Digital stock has down more than 20%. Analyst projections have been declining in recent weeks, and the corporation is now expected to report fiscal 2023 earnings of $8.97 per share. Thus, the stock is trading at a forward P/E ratio of less than 6, which is unquestionably inexpensive.

The company's valuation appears reasonable, and the stock has begun to recover despite the market's sell-off. This rally could continue if the company's quarterly report, due for release on April 28, beats market expectations.