There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Diodes Inc (DIOD) and ON Semi (ON) with bullish sentiments.
Diodes Inc (DIOD)
Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on Diodes Inc today and set a price target of $42. The company’s shares opened today at $32.08.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 15.5% and a 58.1% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Himax Technologies.
Diodes Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.50.
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ON Semi (ON)
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semi today and set a price target of $25. The company’s shares opened today at $17.91.
Rakesh noted:
“We hosted investor meetings at CES with ONs CEO, CFO and IR. While China looks weaker with a slowdown in industrial and white goods, we believe ON is well-positioned in 2019 with multiple secular and N-T catalysts including: 1) 5G base station growth. No change to estimates; reiterating our Buy-$25PT, as multiple secular catalysts and an attractive valuation position ON well in 2019.”
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 19.5% and a 57.1% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Cypress Semicon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ON Semi with a $22.57 average price target, implying a 26.0% upside from current levels. In a report issued on January 9, Robert W. Baird also reiterated a Buy rating on the stock with a $28 price target.
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