Benzinga - 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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
Seagate Technology Holdings plc (NASDAQ: STX)
- Dividend Yield: 4.99%
- B of A Securities analyst Wamsi Mohan maintained a Buy rating and cut the price target from $73 to $65 on April 21, 2023. This analyst has an accuracy rate of 73%.
- TD Cowen analyst Krish Sankar maintained an Outperform rating and reduced the price target from $72 to $70 on April 21, 2023. This analyst has an accuracy rate of 75%.
- Recent News: Seagate Technology reported worse-than-expected Q3 adjusted EPS and sales results.
- Dividend Yield: 3.35%
- Tigress Financial analyst Ivan Feinseth reiterated a Buy rating with a price target of $73 on March 17, 2023. This analyst has an accuracy rate of 63%.
- DZ Bank analyst Ingo Wermann upgraded the stock from Hold to Buy with a price target of $100 on Feb. 17, 2023. This analyst has an accuracy rate of 66%.
- Recent News: Cisco reported better-than-expected Q2 results and issued strong Q3 guidance.
- Dividend Yield: 3.96%
- Rosenblatt analyst Michael Lapides maintained a Buy rating and cut the price target from $23 to $16 on April 12, 2023. This analyst has an accuracy rate of 63%.
- Cowen & Co. analyst Paul Silverstein maintained an Outperform rating and cut the price target from $34 to $31 on Feb. 22, 2023. This analyst has an accuracy rate of 60%.
- Recent News: ADTRAN announced preliminary results for Q1 2023. The company expects preliminary revenue to be between $322 million and $326 million as compared to its guidance of $355 million to $375 million.
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