FinancialCenter Broker Breaks Down Top Stocks to Invest in for Higher Returns in 2021
London, England, 2nd Nov 2021, ZEXPRWIRE, Phillip Ross broker of FinancialCentre says that investing in the right stocks at the right time can make you rich; choosing the wrong investments can leave you with nothing. No one knows where the market will go, but professional investors use their skills and knowledge to make profitable investment decisions.
We study analyst recommendations (S&P Capital IQ consensus price targets) for computer hardware stocks that are followed by professional analysts. We haven’t included all the stocks covered by S&P Capital IQ, only those we can easily analyse using their current consensus target price and a number of analysts following a stock.
Note that some of these recommendations can have a relatively small effect on the overall market as “stocks with a consensus analyst recommendation less than 2 are excluded from the final list”. This is equivalent to saying that if many analysts cover a stock it’s more likely to be followed by the market.
In our list of computer hardware stocks, we tried to find out which are the most popular among analysts and institutional investors, and therefore might show future appreciation in price. Our list consists of companies from three different sectors:
* PC Manufacturers (Dell, Acer Group, Lenovo Group Ltd., Hewlett-Packard Company)
* Semiconductor Manufacturers (Intel Corp., Advanced Micro Devices Inc.)
* Storage Device Makers (Seagate Technology Plc, Western Digital Corp.)
Next to each stock’s ticker symbol, we’ll show how many analysts recommend it (if we could easily find that data) and its current consensus target price (from S&P Capital IQ).
PC manufacturers
The 10 computer hardware stocks in the table above are the most popular in our list of computer hardware stocks. We found it interesting that analysts’ recommendations (1) for Dell (NASDAQ:DELL), HP (NYSE: (Dell, Acer Group, Lenovo Group Ltd., Hewlett-Packard Company)
Hewlett-Packard Company (HPQ) – Consensus target $22.50; 25 analysts covering the stock; average recommendation BUY with an average target price of $23.39. Ticker Symbol: HPQ
IBM – Consensus target $165.00; 31 analysts covering the stock; average recommendation NEUTRAL with an average target price of $180.05. Ticker Symbol: IBM
Lenovo Group Ltd (LNVGY) – Consensus target $25.00; 16 analysts covering the stock; average recommendation BUY with an average target price of $26.15. Ticker Symbol: LNVGY
Acer Group (ACEYY) – Consensus target $18.00; 11 analysts covering the stock; average recommendation NEUTRAL with an average target price of $19.05. Ticker Symbol: ACEYY
Seagate Technology Plc (STX) – Consensus target $22.50; 31 analysts covering the stock; average recommendation BUY with an average target price of $24.99. Ticker Symbol: STX
Western Digital Corp (WDC) – Consensus target $76.00; 28 analysts covering the stock; average recommendation BUY with an average target price of $77.28. Ticker Symbol: WDC
Intel Corp (INTC) – Consensus target $22.00; 28 analysts covering the stock; average recommendation NEUTRAL with an average target price of $27.69. Ticker Symbol: INTC
Advanced Micro Devices Inc (AMD) – Consensus target $4.50; 18 analysts covering the stock; average recommendation BUY with an average target price of $5.18. Ticker Symbol: AMD
Storage Device Makers
Western Digital Corp (WDC) – Consensus target $76.00; 28 analysts covering the stock; average recommendation BUY with an average target price of $77.28. Ticker Symbol: WDC
Seagate Technology Plc (STX) – Consensus target $22.50; 31 analysts covering the stock; average recommendation BUY with an average target price of $24.99. Ticker Symbol: STX
Micron Technology Inc (MU) – Consensus target $19.00; 36 analysts covering the stock; average recommendation NEUTRAL with an average target price of $20.35. Ticker Symbol: MU
SanDisk Corp (SNDK) – Consensus target $70.00; 19 analysts covering the stock; average recommendation BUY with an average target price of $72.30. Ticker Symbol: SNDK
We found it interesting that SanDisk Corp (SNDK) is the only company from this list that is recommended by fewer than 20 analysts.
Recommendations for SanDisk Corp (SNDK) rank #3 in our list of computer hardware stocks. S & P Capital IQ’s consensus target price for SanDisk Corp (SNDK) is $72.30, which implies an upside potential of 17%. Ticker Symbol: SNDK
Advancers & Decliners
We also looked for computer hardware stocks with the largest upside and downside potentials.
Downside Risk – High
Seagate Technology Plc (STX) – Consensus target $22.50; 31 analysts covering the stock; average recommendation BUY with an average target price of $24.99. Ticker Symbol: STX
Micron Technology Inc (MU) – Consensus target $19.00; 36 analysts covering the stock; average recommendation NEUTRAL with an average target price of $20.35. Ticker Symbol: MU
Advancers & Decliners
Advanced Micro Devices Inc (AMD) – Consensus target $4.50; 18 analysts covering the stock; average recommendation BUY with an average target price of $5.18. Ticker Symbol: AMD
Western Digital Corp (WDC) – Consensus target $76.00; 28 analysts covering the stock; average recommendation BUY with an average target price of $77.28. Ticker Symbol: WDC
S & P Capital IQ’s consensus target price for Advanced Micro Devices Inc (AMD) is $5.18, which implies an upside potential of 3%. Ticker Symbol: AMD
Acer Group (ACEYY) – Consensus target $18.00; 11 analysts covering the stock; average recommendation NEUTRAL with an average target price of $19.05. Ticker Symbol: ACEYY
Lenovo Group Ltd (LNVGY) – Consensus target $25.00; 16 analysts covering the stock; average recommendation BUY with an average target price of $26.15. Ticker Symbol: LNVGY
Source: FinancialCenter’s Broker
