Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Ambarella (AMBA), Ciena Corp (CIEN) and Microvision (MVIS).
Ambarella (AMBA)
In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Ambarella, with a price target of $45.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 23.0% and a 68.8% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Akoustis Technologies, and Power Integrations.
Ambarella has an analyst consensus of Hold, with a price target consensus of $44.67, which is a 0.8% upside from current levels. In a report released today, Craig-Hallum also upgraded the stock to Buy with a $53 price target.
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Ciena Corp (CIEN)
Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on Ciena Corp today and set a price target of $36. The company’s shares opened today at $40.75.
Koontz said:
“We nudge our F2Q19 revenue estimate (by +0.6%) while our earnings are unchanged. We leave the balance of our 2H19 estimates unchanged. Due to the slowing growth outlook we have been anticipating, we maintain our neutral rating and our 12-month price target of $36.”
According to TipRanks.com, Koontz is a 4-star analyst with an average return of 16.1% and a 64.7% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Juniper Networks.
Currently, the analyst consensus on Ciena Corp is a Moderate Buy with an average price target of $43.75, representing a 7.4% upside. In a report released yesterday, Piper Jaffray also maintained a Hold rating on the stock with a $41 price target.
Microvision (MVIS)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Microvision, with a price target of $3. The company’s shares opened today at $1.13.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.4% and a 58.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Orbcomm Inc.
Microvision has an analyst consensus of Strong Buy, with a price target consensus of $2.75, which is a 143.4% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.50 price target.
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