There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Synaptics Inc (NASDAQ: SYNA) and Nike (NYSE: NKE) with bullish sentiments.
Synaptics Inc (NASDAQ: SYNA)
Stifel Nicolaus analyst Kevin Cassidy maintained a Buy rating on Synaptics Inc (NASDAQ: SYNA) today and set a price target of $62. The company’s shares closed yesterday at $48.84.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 25.2% and a 73.6% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Advanced Micro Devices, and Western Digital.
Currently, the analyst consensus on Synaptics Inc is Moderate Buy and the average price target is $55.40, representing a 13.4% upside.
In a report issued on June 11, Craig-Hallum also reiterated a Buy rating on the stock.
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Nike (NYSE: NKE)
In a report released today, Jim Duffy from Stifel Nicolaus maintained a Buy rating on Nike (NYSE: NKE), with a price target of $87. The company’s shares closed yesterday at $74.26, close to its 52-week high of $75.91.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 8.4% and a 62.4% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Fox Factory Holding, and Deckers Outdoor.
Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $73.41, representing a -1.1% downside.
In a report issued on June 14, Wedbush also reiterated a Buy rating on the stock with a $82 price target.
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