According to Wall Street analysts, Hewlett-Packard is the stock on the Dow Jones Industrial Average (DJINDICES:^DJI) with the most upside potential, yet they still have a hold rating on the stock. 

Beyond the silliness of having a hold on the stock they're most bullish on, investors have to question whether analysts have this one correctly pegged. Is Hewlett-Packard really worth 72% more than Mr. Market has determined? That's a bold prediction, and one that analyst Austin Smith believes is off the mark. HP continues to flounder in the tech space and has squandered the few turnaround opportunities it has had.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.