Analysts Conflicted on These Consumer Goods Names: AeroVironment (AMBA) and Ambarella (AMBA)


Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on AeroVironment (NASDAQ: AVAV) and Ambarella (NASDAQ: AMBA).

AeroVironment (NASDAQ: AVAV)

Robert W. Baird analyst Peter Arment maintained a Hold rating on AeroVironment (NASDAQ: AVAV) today and set a price target of $52. The company’s shares closed yesterday at $60.35, close to its 52-week high of $62.20.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 15.9% and a 71.2% success rate. Arment covers the Consumer Goods sector, focusing on stocks such as Mercury Systems Inc, Triumph Group, and Boeing.

Currently, the analyst consensus on AeroVironment is Moderate Buy and the average price target is $54.33, representing a -10.0% downside.

In a report issued on June 4, Canaccord Genuity also maintained a Hold rating on the stock with a $50 price target.

See today’s analyst top recommended stocks >>

Ambarella (NASDAQ: AMBA)

In a report released today, Joseph Moore from Morgan Stanley maintained a Buy rating on Ambarella (NASDAQ: AMBA), with a price target of $58. The company’s shares closed yesterday at $49.39.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 17.1% and a 65.1% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Western Digital.

Currently, the analyst consensus on Ambarella is Moderate Buy and the average price target is $52.50, representing a 6.3% upside.

In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $56 price target.

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