Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Apple (AAPL) and Qorvo (QRVO).
Apple (AAPL)
Goldman Sachs analyst Rod Hall maintained a Hold rating on Apple today and set a price target of $178. The company’s shares opened today at $186.60.
Hall has an average return of 18.0% when recommending Apple.
According to TipRanks.com, Hall is ranked #1142 out of 5178 analysts.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $215.40, representing a 15.4% upside. In a report issued on May 9, Bernstein also reiterated a Hold rating on the stock with a $190 price target.
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Qorvo (QRVO)
In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Qorvo, with a price target of $75. The company’s shares opened today at $61.54.
According to TipRanks.com, Stoss is a 4-star analyst with an average return of 9.3% and a 55.9% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Akoustis Technologies, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qorvo with a $78.25 average price target, which is a 27.2% upside from current levels. In a report issued on May 8, Piper Jaffray also maintained a Buy rating on the stock with a $90 price target.
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