HP Inc. (HPQ) shares plummeted 5% during Tuesday's trading session following significant price target cuts from two major Wall Street firms. The sharp decline came as investors reacted to lowered expectations for the tech giant's stock performance.

Morgan Stanley made a substantial reduction to its price target for HP, slashing it from $35.00 to $25.00. This move was closely followed by Goldman Sachs, which adjusted its price target on HP to $27, down from the previous $39. These downward revisions from prominent analysts signal growing concerns about HP's near-term prospects and likely triggered the sell-off observed in the stock.

Despite the negative sentiment from Morgan Stanley and Goldman Sachs, it's worth noting that the overall analyst consensus on HP remains cautiously optimistic. According to FactSet data, HP currently has an average rating of "hold" among polled analysts, with a mean price target of $34.54. This suggests that while some firms are becoming more pessimistic, others still see potential value in the stock. Investors will likely be watching closely for any further analyst revisions or company announcements that could impact HP's stock performance in the coming days.