3 Minutes To Boost Your Earnings: 3 High-Yielding Dividend Stocks In Tech Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings and price targets for three high-yielding dividend stocks in the tech sector: Xerox Holdings Corporation (XRX), International Business Machines Corporation (IBM), and Seagate Technology Holdings plc (STX). XRX has a dividend yield of 5.98% but received a price target cut from JP Morgan and an Underperform rating from Credit Suisse. IBM, with a 4.06% yield, received a price target increase from BMO Capital and a new Outperform rating from RBC Capital. STX offers a 3.28% yield and had its price target raised by both B of A Securities and Rosenblatt. Recent news includes mixed financial results and guidance cut for XRX, a partnership between IBM and FuelCell Energy, and STX reporting Q1 revenues below analyst consensus.
December 14, 2023 | 12:20 pm
News sentiment analysis
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POSITIVE IMPACT
IBM's dividend yield is complemented by positive analyst ratings and a recent partnership to enhance its AI technology, which could be favorable for its stock price.
The increase in price target by BMO Capital and the new Outperform rating from RBC Capital, along with the AI partnership news, could lead to positive investor sentiment and a potential increase in IBM's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Seagate Technology's dividend yield is attractive, but the company missed Q1 revenue estimates, which could temper the positive impact of raised price targets by analysts.
While the raised price targets from analysts are positive, the recent revenue miss could cause uncertainty among investors, potentially leading to a neutral short-term impact on STX's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Xerox Holdings Corporation has a high dividend yield but faces a price target cut and an Underperform rating from analysts, indicating potential concerns over its financial performance.
The combination of a high dividend yield with a price target cut and Underperform rating suggests that analysts are not confident in XRX's short-term performance, which could lead to a negative impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90