Wall Street’s Most Accurate Analysts’ Views On 3 Tech Stocks Delivering High-Dividend Yields

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.

Xerox Holdings Corporation (NYSE:XRX)

  • Dividend Yield: 5.59%
  • JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on Jan. 26, 2024. This analyst has an accuracy rate of 68%.
  • Credit Suisse analyst Shannon Cross maintained an Underperform rating and boosted the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 79%.
  • Recent News: On March 25, Xerox announced full exercise of over-allotment option for its 3.75% convertible senior notes due 2029, and completion of series of financing transactions.

Methode Electronics, Inc. (NYSE:MEI)

  • Dividend Yield: 4.60%
  • Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 74%.
  • Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 60%.
  • Recent News: On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance.

HP Inc. (NYSE:HPQ)

  • Dividend Yield: 3.64%
  • Barclays analyst Tim Long maintained an Underweight rating and raised the price target from $22 to $24 on Feb. 29, 2024. This analyst has an accuracy rate of 72%.
  • HSBC analyst Stephen Bersey upgraded the stock from Hold to Buy and boosted the price target from $30 to $33 on Feb. 14, 2024. This analyst has an accuracy rate of 64%.
  • Recent News: On Feb. 28, HP reported worse-than-expected first-quarter sales results.

 

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