Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
The article highlights three tech stocks with high dividend yields: Xerox Holdings Corporation, HP Inc., and Cisco Systems, Inc. Analysts have provided ratings and price targets for these stocks, with Xerox facing a Hold and Sell rating, HP being downgraded to Neutral, and Cisco receiving an Outperform and Buy rating. Recent news includes Xerox's CFO retirement, HP's acquisition of Vyopta, and Cisco's expanded partnership with VAST Data.
October 09, 2024 | 11:16 am
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NEGATIVE IMPACT
Xerox Holdings Corporation has a high dividend yield of 9.81%. Analysts have given it a Hold and a Sell rating, with a price target of $11. The recent announcement of CFO Xavier Heiss's retirement may impact investor sentiment.
Xerox's high dividend yield is attractive, but the Hold and Sell ratings suggest limited upside. The CFO's retirement could add uncertainty, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
HP Inc. has a dividend yield of 3.06% and has been downgraded to Neutral by analysts with a price target of $37. The acquisition of Vyopta could influence future growth prospects.
The downgrade to Neutral reflects a cautious outlook, but the Vyopta acquisition may offer growth opportunities. The impact on the stock is likely neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Cisco Systems, Inc. offers a 3.03% dividend yield and has received an Outperform and Buy rating with price targets of $60 and $57. The expanded partnership with VAST Data could enhance its AI infrastructure capabilities.
Positive analyst ratings and the strategic partnership with VAST Data suggest a favorable outlook for Cisco. The stock is likely to see positive movement in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95