Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three tech stocks with over 3% dividend yields: Hewlett Packard Enterprise (HPE), Texas Instruments (TXN), and Seagate Technology (STX). These recommendations are based on their high dividend yields and recent analyst upgrades, price target adjustments, and significant corporate developments.
February 16, 2024 | 12:31 pm
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POSITIVE IMPACT
HPE received an upgrade from Morgan Stanley and a price target adjustment from Barclays, indicating a stable outlook. The company is set to review its Q1 fiscal 2024 financial results.
The upgrade by Morgan Stanley and the stable outlook from Barclays, combined with the anticipation of Q1 fiscal 2024 results, suggest a positive short-term impact on HPE's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
STX received price target boosts from Wells Fargo and Goldman Sachs, reflecting a positive outlook. The company announced a collaboration with OORT to enhance AI-focused cloud services.
The positive adjustments in price targets by analysts and the strategic collaboration with OORT indicate a bullish short-term impact on STX's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
TXN has been reiterated as Neutral by Cantor Fitzgerald and Truist Securities, with slight adjustments to price targets. The company recently priced $3.0 billion of investment grade notes.
The neutral ratings and minor price target adjustments, along with the pricing of investment grade notes, suggest a stable but cautious short-term outlook for TXN.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85