There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on IPG Photonics Corporation (NASDAQ:IPGP), RPM International (NYSE:RPM) and Shotspotter Inc (NASDAQ:SSTI) with bullish sentiments.
IPG Photonics Corporation (IPGP)
Stifel Nicolaus analyst Patrick Ho maintained a Buy rating on IPG Photonics Corporation today and set a price target of $190. The company’s shares closed on Friday at $132.76, close to its 52-week low of $132.28.
According to TipRanks.com, Ho is a 4-star analyst with an average return of 5.7% and a 49.2% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Rudolph Technologies, and Ultra Clean Holdings.
Currently, the analyst consensus on IPG Photonics Corporation is a Strong Buy with an average price target of $195.86, a 47.5% upside from current levels. In a report issued on October 5, Needham also maintained a Buy rating on the stock with a $160 price target.
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RPM International (RPM)
BMO Capital analyst John McNulty maintained a Buy rating on RPM International today and set a price target of $73. The company’s shares closed on Friday at $60.13.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of 5.8% and a 63.2% success rate. McNulty covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical Corp, and Venator Materials Plc.
RPM International has an analyst consensus of Moderate Buy, with a price target consensus of $67.20.
Shotspotter Inc (SSTI)
In a report released today, Joseph Osha from JMP Securities maintained a Buy rating on Shotspotter Inc, with a price target of $62. The company’s shares closed on Friday at $45.53.
According to TipRanks.com, Osha is a 3-star analyst with an average return of 4.5% and a 48.8% success rate. Osha covers the Industrial Goods sector, focusing on stocks such as Acuity Brands, Vivint Solar, and Sunrun.
Shotspotter Inc has an analyst consensus of Strong Buy, with a price target consensus of $60, implying a 31.8% upside from current levels. In a report issued on September 26, William Blair also initiated coverage with a Buy rating on the stock.
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