Analysts Conflicted on These Consumer Goods Names: Crocs (CROX), Arista Networks (ANET) and Intevac (IVAC)


Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Crocs (CROX), Arista Networks (ANET) and Intevac (IVAC).

Crocs (CROX)

Susquehanna analyst Sam Poser reiterated a Buy rating on Crocs yesterday and set a price target of $35. The company’s shares closed yesterday at $27.85.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.9% and a 54.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crocs with a $32 average price target.

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Arista Networks (ANET)

In a report released yesterday, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Arista Networks, with a price target of $330. The company’s shares closed yesterday at $312.29, close to its 52-week high of $331.27.

Koontz commented:

“We believe Microsoft (MSFT: NR), Alphabet (GOOGL: NR), and Facebook (FB: Buy) collectively represent more than 25% of ANET revenues. We note that Microsoft reported -13% y/y and -31% q/q and Alphabet -5% y/y and -35% q/q (adjusted) capex. In addition, our research indicates that product inventory at Facebook could be a short-term issue and the company’s new 7368X4 switch is not yet qualified. While our research that the enterprise and cloud specialist verticals remain very strong for ANET, we highlight short-term caution in consideration that ANET 1Q19 consensus revenue calls for +26% y/y and flat q/q (just ahead of Rosenblatt estimates). We continue to be a long-term believer in the ANET story (click here for our initiation) and have great respect for company, its leaders and products.”

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 21.6% and a 73.9% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Juniper Networks.

Arista Networks has an analyst consensus of Moderate Buy, with a price target consensus of $333.08, a 6.7% upside from current levels. In a report issued on April 23, Morgan Stanley also downgraded the stock to Hold with a $330 price target.

Intevac (IVAC)

In a report released yesterday, Nehal Chokshi from Maxim Group upgraded Intevac to Hold. The company’s shares closed yesterday at $4.79.

Chokshi observed:

“1Q19 beats due to higher than expected equipment upgrade activity resulting from customers pulling in demand. CY19 revenue growth guidance of 20% and midpoint GM guidance of 34.5% maintained. Multiple efforts remain in play to drive IVAC to an inflection to high growth, but our confidence IVAC is near an inflection point remains low. Maintain Hold rating.”

According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 9.8% and a 59.1% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intevac with a $6.05 average price target, implying a 26.3% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Hold rating on the stock with a $5.50 price target.

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