Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields
Author: Avi Kapoor | May 30, 2024 08:50am
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $18 to $17 on April 24. This analyst has an accuracy rate of 70%.
Morgan Stanley analyst Erik Woodring maintained an Underweight rating and slashed the price target from $13 to $12 on Oct. 25, 2023. This analyst has an accuracy rate of 62%.
Recent News: On May 22, Xerox said its board of directors declared a quarterly dividend of 25 cents per share.
International Business Machines Corporation (NYSE:IBM)
Dividend Yield: 4.00%
Exane BNP Paribas analyst StefanSlowinskiinitiated coverage on the stock with an Underperform rating and a price target of $145 on May 2. This analyst has an accuracy rate of 72%.
BMO Capital analyst Keith Bachmanmaintained a Market Perform rating and cut the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 80%.
Recent News: On Wednesday, ID Dataweb and IBM disclosed an expanded relationship to help advance identity verification.
JP Morgan analyst Sandeep Deshpande maintained a Neutral rating and cut the price target from $4.39 to $4.26 on April 16. This analyst has an accuracy rate of 77%.
Raymond James analyst Simon Leopoldmaintained an Outperform rating and slashed the price target from $4.5 to $4 on Dec. 13, 2023. This analyst has an accuracy rate of 69%.
Recent News: On April 18, Nokia reported a fiscal first-quarter 2024 net sales decline of 20% year-on-year (19% in constant currency) to €4.67 billion ($5.07 billion), missing the consensus of $5.10 billion.
