Analysts fell to the sidelines weighing in on Fox Factory Holding (NASDAQ:FOXF) and Garmin Ltd (NASDAQ:GRMN) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Fox Factory Holding (FOXF)
Robert W. Baird analyst Craig Kennison reiterated a Hold rating on Fox Factory Holding yesterday and set a price target of $58. The company’s shares opened today at $51.55.
According to TipRanks.com, Kennison is a 4-star analyst with an average return of 14.6% and a 63.6% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as Thor Industries Inc, MCBC Holdings, and LKQ Corp.
Currently, the analyst consensus on Fox Factory Holding is a Moderate Buy with an average price target of $59.50, implying a 15.4% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $55 price target.
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Garmin Ltd (GRMN)
In a report released today, William Power from Robert W. Baird reiterated a Hold rating on Garmin Ltd, with a price target of $64. The company’s shares opened today at $64.40, close to its 52-week high of $65.96.
According to TipRanks.com, Power is a 5-star analyst with an average return of 14.5% and a 65.2% success rate. Power covers the Technology sector, focusing on stocks such as Vonage Holdings, RingCentral, and Twilio Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Garmin Ltd with a $63 average price target.
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