Analysts Offer Insights on Consumer Goods Companies: Lumentum Holdings (LITE) and Pure Storage Inc (PSTG)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lumentum Holdings (NASDAQ:LITE) and Pure Storage Inc (NYSE:PSTG) with bullish sentiments.

Lumentum Holdings (LITE)

Raymond James analyst Simon Leopold maintained a Buy rating on Lumentum Holdings today and set a price target of $85. The company’s shares closed yesterday at $61.85.

According to TipRanks.com, Leopold is a 4-star analyst with an average return of 8.5% and a 63.3% success rate. Leopold covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Hewlett Packard Enterprise, and Applied Optoelectronics.

Currently, the analyst consensus on Lumentum Holdings is a Strong Buy with an average price target of $82.38, implying a 33.2% upside from current levels. In a report issued on August 7, Loop Capital Markets also maintained a Buy rating on the stock with a $73 price target.

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Pure Storage Inc (PSTG)

Deutsche Bank analyst Sherri Scribner maintained a Buy rating on Pure Storage Inc today and set a price target of $26. The company’s shares closed yesterday at $22.01.

According to TipRanks.com, Scribner is a 4-star analyst with an average return of 10.3% and a 62.6% success rate. Scribner covers the Consumer Goods sector, focusing on stocks such as TTM Technologies, NetApp, and Apple.

Currently, the analyst consensus on Pure Storage Inc is a Moderate Buy with an average price target of $26.27, which is a 19.4% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $30 price target.

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