Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-dividend-yielding tech stocks: Xerox Holdings Corporation (XRX), International Business Machines Corporation (IBM), and Nokia Oyj (NOK). Analysts have given mixed ratings and adjusted price targets for these stocks, reflecting recent company news and financial performance.
May 30, 2024 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Nokia Oyj (NOK) has received a Neutral rating from JP Morgan with a reduced price target of $4.26, and an Outperform rating from Raymond James with a reduced price target of $4. The company reported a 20% decline in fiscal Q1 2024 net sales.
The significant decline in net sales and mixed analyst ratings suggest a bearish outlook in the short term, despite the Outperform rating from Raymond James.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Xerox Holdings Corporation (XRX) has received Underweight ratings from JP Morgan and Morgan Stanley analysts, with price targets cut to $17 and $12 respectively. The company recently declared a quarterly dividend of 25 cents per share.
The Underweight ratings and reduced price targets from reputable analysts suggest a bearish outlook. However, the high dividend yield may provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
IBM has received an Underperform rating from Exane BNP Paribas with a price target of $145, and a Market Perform rating from BMO Capital with a reduced price target of $190. The company recently expanded its relationship with ID Dataweb for identity verification.
The mixed ratings and reduced price targets indicate a cautious outlook. The expanded relationship with ID Dataweb could provide some positive momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100