Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Mellanox (NASDAQ:MLNX) and Apple (NASDAQ:AAPL).
Mellanox (MLNX)
Rosenblatt Securities analyst Hans Mosesmann maintained a Hold rating on Mellanox yesterday. The company’s shares closed yesterday at $71.99.
Mosesmann commented:
“We expect Mellanox to deliver slight upside to our $275.0 million and $1.20 (also con- sensus), sales and non-GAAP EPS estimates, respectively, driven by continued momen- tum in 25G and above Ethernet switches. 4Q18 guide should show better than ours and consensus low -single digit sales growth on Ethernet NIC/switch and early BlueField multi -core solutions.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 11.8% and a 54.2% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Microchip, and Broadcom.
Currently, the analyst consensus on Mellanox is a Strong Buy with an average price target of $108.67.
See today’s analyst top recommended stocks >>
Apple (AAPL)
Rosenblatt Securities analyst Jun Zhang maintained a Buy rating on Apple yesterday and set a price target of $200. The company’s shares closed yesterday at $220.65, close to its 52-week high of $233.47.
Zhang wrote:
“We believe the company will report revenues and earnings that are in line with our forecasts ($61.0 billion, $2.65) and guide inline or slightly better than our C4Q estimates ($91.2 billion, $4.71). We believe the better than expected guide will be due to new product releases (iPad Pro, MacBook) for the holiday season, as well as the increasing ASP of the new iPhone models.”
According to TipRanks.com, Zhang is a 3-star analyst with an average return of 5.5% and a 64.8% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Viavi Solutions, and Synaptics Inc.
Apple has an analyst consensus of Moderate Buy, with a price target consensus of $241.33, which is a 9.4% upside from current levels. In a report issued on October 8, Monness also maintained a Buy rating on the stock with a $300 price target.
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