Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields
Author: Avi Kapoor | August 14, 2024 07:14am
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.
Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 69%.
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 68%.
Recent News: On July 25, Xerox reported a fiscal second-quarter 2024 sales decline of 10.0% year-on-year to $1.58 billion, missing the analyst consensus estimate of $1.60 billion.
International Business Machines Corporation (NYSE:IBM)
Dividend Yield: 3.50%
Jefferies analyst Brent Thill maintained a Hold rating and raised the price target from $190 to $200 on July 25. This analyst has an accuracy rate of 78%.
BMO Capital analyst Keith Bachman maintained a Market Perform rating and boosted the price target from $190 to $210 on July 25. This analyst has an accuracy rate of 79%.
Recent News: On July 29, IBM's board of directors declared a regular quarterly cash dividend of $1.67 per common share.
Barclays analyst Tim Longmaintained an Equal-Weight rating and raised the price target from $30 to $33 on May 30. This analyst has an accuracy rate of 76%.
TD Cowen analyst Krish Sankar maintained a Hold rating and raised the price target from $30 to $32 on May 30. This analyst has an accuracy rate of 72%.
Recent News: HP said it will review financial results for the third fiscal quarter ended July 31 on Wednesday, Aug. 28.
