Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Applied Optoelectronics (AAOI), Adesto Technologies Corp (IOTS) and Hewlett Packard Enterprise (HPE).
Applied Optoelectronics (AAOI)
Rosenblatt Securities analyst Jun Zhang maintained a Sell rating on Applied Optoelectronics today and set a price target of $10. The company’s shares opened today at $13, close to its 52-week low of $12.90.
Zhang commented:
“We believe AAOI still had shipments to Facebook in the month of January due to the contract it had last year, but going forward we see the company having no market share at Facebook. We maintain our Sell rating and $10 price target. December quarter, 60% of AAOI’s data center business came from 100G products, while 38% was from 40G products. The company expects the 40G business to continue for the rest of 2019.”
According to TipRanks.com, Zhang is a 3-star analyst with an average return of 3.3% and a 60.3% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Viavi Solutions, and Synaptics Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Applied Optoelectronics with a $15.70 average price target.
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Adesto Technologies Corp (IOTS)
In a report released today, Michael Walkley from Canaccord Genuity maintained a Buy rating on Adesto Technologies Corp, with a price target of $9. The company’s shares opened today at $5.45.
Walkley commented:
“We continue to believe the merged companies have the R&D team and roadmaps to create highly differentiated solutions for targeted Industrial IoT customers. Our positive investment thesis is based on our expectation that strong IoT endpoint growth over the next several years will require low-power and long- battery-life solutions that should benefit Adesto’s portfolio and its differentiated memory solutions. Second, we believe new products including MavriqCM and EcoXiP address new large market opportunities and even modest share gains could result in upside versus our estimates consensus.”
According to TipRanks.com, Walkley is a 5-star analyst with an average return of 11.9% and a 59.0% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Sierra Wireless Inc, and BlackBerry Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adesto Technologies Corp with a $9.50 average price target, implying a 74.3% upside from current levels. In a report released today, Northland Securities also maintained a Buy rating on the stock with a $9 price target.
Hewlett Packard Enterprise (HPE)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Hewlett Packard Enterprise, with a price target of $17. The company’s shares opened today at $16.50.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 7.4% and a 46.2% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Applied Materials Inc, and Universal Display.
Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $17.40, which is a 5.5% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $16 price target.
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