Analysts Are Neutral on These Technology Stocks: XLNX, NOK

By Ryan Adsit

Analysts fell to the sidelines weighing in on Xilinx (NASDAQ: XLNX), Nokia Corp (NYSE: NOK) and HP Inc (NYSE: HPQ) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Xilinx (NASDAQ: XLNX)

Mizuho Securities analyst Vijay Rakesh reiterated a Hold rating on Xilinx (NASDAQ: XLNX) yesterday and set a price target of $64. The company’s shares opened today at $64.31, close to its 52-week high of $67.75.

Rakesh wrote:

“We continue to like NVDA as it drives strong traction into the data center with the Volta V100 and DGX-1 ramps into 2H17. KeyPoints Challenges in AI? While XLNX was very optimistic on the data center market, its guidance for the Data Center and Communications for F18E was for up 1-4% y/y growth (vs F17A at up ~9% y/y). We would note the entire Data Center and Comm (DCC) segment is ~$1B in revenue, compared to NVDA with Data Center growing ~100% y/y in F18E to ~$1.7B.”

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 28.4% and a 72.8% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Currently, the analyst consensus on Xilinx is Moderate Buy and the average price target is $63, representing a -2.0% downside.

In a report issued on May 19, MKM Partners also reiterated a Hold rating on the stock with a $63 price target.
Nokia Corp (NYSE: NOK)

Canaccord Genuity analyst Michael Walkley reiterated a Hold rating on Nokia Corp (NYSE: NOK) today and set a price target of $7. The company’s shares opened today at $6.64, close to its 52-week high of $6.65.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 20.8% and a 64.1% success rate. Walkley covers the Technology sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Powerwave Technologies.

Currently, the analyst consensus on Nokia Corp is Moderate Buy and the average price target is $6.50, representing a -2.1% downside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $6 price target.
HP Inc (NYSE: HPQ)

Guggenheim analyst Rob Cihra reiterated a Hold rating on HP Inc (NYSE: HPQ) today. The company’s shares opened today at $19.14, close to its 52-week high of $19.49.

Cihra observed:

“We believe PC market declines have moderated to low single-digits Y/Y but that PCs are not about to start broadly growing again anytime soon, nor even fully flatten, with consumer demand remaining weak. HPQ’s units are growing on easy comps and market share consolidation but upside is mostly coming in ASPs, driven by higher component costs, the USD and mix, yet with tight parts also pressuring gross margins. HPQ should beat revenues near-term but without EPS leverage, and its PC comps start getting tougher in the Jul-qtr. Leverage rather needs to come from Printing’s recovery but we do not think the long-term trends are favorable.”

According to TipRanks.com, Cihra is a 4-star analyst with an average return of 9.9% and a 58.3% success rate. Cihra covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Samsung Electronics, and Western Digital.

Currently, the analyst consensus on HP Inc is Moderate Buy and the average price target is $20.14, representing a 5.2% upside.

In a report issued on May 19, RBC Capital also reiterated a Hold rating on the stock with a $20 price target.

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