Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Diodes Inc (DIOD), Cisco (CSCO) and NetApp (NTAP).
Diodes Inc (DIOD)
In a report released yesterday, Tristan Gerra from Robert W. Baird maintained a Buy rating on Diodes Inc, with a price target of $42. The company’s shares opened today at $38, close to its 52-week high of $39.59.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 17.3% and a 61.5% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Diodes Inc is a Moderate Buy with an average price target of $44, implying a 15.8% upside from current levels. In a report released today, Longbow Research also maintained a Buy rating on the stock with a $46 price target.
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Cisco (CSCO)
In a report released yesterday, Tim Long from BMO Capital maintained a Hold rating on Cisco. The company’s shares opened today at $48.85, close to its 52-week high of $49.67.
According to TipRanks.com, Long is a 5-star analyst with an average return of 19.0% and a 65.6% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Dell Technologies Inc, Motorola Solutions, and BlackBerry Limited.
Cisco has an analyst consensus of Moderate Buy, with a price target consensus of $54, a 10.5% upside from current levels. In a report issued on February 12, Morgan Stanley also downgraded the stock to Hold with a $49 price target.
NetApp (NTAP)
In a report released today, Jim Suva from Citigroup maintained a Hold rating on NetApp, with a price target of $75. The company’s shares opened today at $61.50.
According to TipRanks.com, Suva is a 4-star analyst with an average return of 6.0% and a 57.5% success rate. Suva covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Dell Technologies Inc.
NetApp has an analyst consensus of Moderate Buy, with a price target consensus of $77.87, a 26.6% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $75 price target.
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