BMO Capital analyst Tim Long came out today with new ratings and price targets on a handful of technology stocks. Lets take a look and see what Long has to say about the technology giants Apple Inc. (NASDAQ:AAPL) and HP Inc (NYSE:HPQ).

Long has a yearly average return of 4.6%a 43% success rate, and is ranked #947 out of 3638 analysts, according to

Apple Inc.

Long initiated coverage on shares of Apple, with an Outperform rating and price target of $145, which implies an upside of 25% from current levels. Long believes that iPhone units will grow at an 8% CAGR from 2015 through 2019, with upside potential to more than 10%.

The analyst wrote, “With the iPhone at about 65% of revenues and almost 75% of gross profits, we believe it will remain the key driver for the stock for several years. We believe iPhone growth will be much better than expected. We model iPhone unit growth of 8% CAGR from 2015 through 2019. As a few of our assumptions are conservative, we would not be surprised by double-digit growth over this period. Some investors are concerned about near-term demand dynamics because of supply chain indications. We do not see any issues, but if there were near-term volatility, we are confident that it would not be a recurring issue.”

Furthermore, “We are positive on the growth drivers of several other businesses as well. We expect share gains to continue for Macs, we should see signs of stabilization in iPads, we expect strong growth off a small base for watches, and we believe services will be a steady grower with the installed base. Please see the Business Overview section on page 9 for a brief description of these opportunities. The main focus of our positive rating is iPhone-related.”

HP Inc

Long initiated Market Perform rating on shares of HP, with a price target of $13, which implies an upside of 5% from current levels. The analyst believes that the secular headwinds to both of the company’s segments will continue to hamper growth, which should cause the stock to stay in a trading range.

The analyst stated, “We believe the secular headwinds facing the company are too difficult to overcome. In PCs, we expect some stability, but secular pressures around units and ASPs should persist. Printing is a much bigger profit contributor and is facing more meaningful near-term impacts. In addition to slowing hardware demand and lower average usage, the strength of the U.S. dollar against the Japanese yen is causing some competitors to dramatically lower prices. This is resulting in revenue and margin pressures. We are below consensus for the next two years and look for revenue stabilization, particularly in printing, to become more constructive.”

Out of the 18 analysts polled by TipRanks in the last 3 months, 10 rate HP stock a Buy, while 8 rate the stock a Hold. With a return potential of around 66%, the stock’s consensus target price stands at $20.53.