Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Apple (NASDAQ:AAPL), Fortinet (NASDAQ:FTNT) and SolarEdge Technologies (NASDAQ:SEDG).
Apple (AAPL)
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Apple today and set a price target of $270. The company’s shares opened today at $209.55.
According to TipRanks.com, Chatterjee is a 2-star analyst with an average return of 1.9% and a 53.6% success rate. Chatterjee covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Juniper Networks.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $238.89, a 14.0% upside from current levels. In a report issued on October 18, Wedbush also initiated coverage with a Buy rating on the stock with a $310 price target.
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Fortinet (FTNT)
In a report released today, Sterling Auty from J.P. Morgan maintained a Hold rating on Fortinet, with a price target of $93. The company’s shares opened today at $81.68.
According to TipRanks.com, Auty is a 5-star analyst with an average return of 13.3% and a 61.8% success rate. Auty covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Altair Engineering Inc, and Tenable Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortinet with a $86.42 average price target, which is a 5.8% upside from current levels. In a report issued on October 18, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $85 price target.
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SolarEdge Technologies (SEDG)
J.P. Morgan analyst Mark Strouse maintained a Buy rating on SolarEdge Technologies today and set a price target of $59. The company’s shares opened today at $41.10.
Strouse has an average return of 21.2% when recommending SolarEdge Technologies.
According to TipRanks.com, Strouse is ranked #3813 out of 4908 analysts.
SolarEdge Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $55.20, which is a 34.3% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $64 price target.
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