Analysts Offer Insights on Consumer Goods Companies: Monolithic Power (MPWR) and Vuzix Corporation (VUZI)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Monolithic Power (MPWR) and Vuzix Corporation (VUZI) with bullish sentiments.

Monolithic Power (MPWR)

Oppenheimer analyst Rick Schafer maintained a Buy rating on Monolithic Power on March 15 and set a price target of $150. The company’s shares closed on Friday at $141.10.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 15.5% and a 71.9% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $145 average price target, a 2.8% upside from current levels. In a report issued on March 4, Needham also maintained a Buy rating on the stock with a $145 price target.

See today’s analyst top recommended stocks >>

Vuzix Corporation (VUZI)

In a report released today, James McIlree from Chardan Capital reiterated a Buy rating on Vuzix Corporation, with a price target of $10. The company’s shares closed on Friday at $3.45, close to its 52-week low of $3.01.

McIlree observed:

“We have adjusted our estimates for this year to $13.9 million from $15.5 million previously and instituted a $23 million estimate for 2020 revenue. M-series smart glasses has been slower than we had estimated but growth has been significant nonetheless with sales in 2018 increasing 46% over 2017 and sales in 2017 more than doubling over 2016 levels. We also believe there are reasons to expect the company can continue to increase revenue substantially over the coming years. M-series should accelerate this year across a variety of markets. DynaEdge, based on the M-series product, contributed about $1 million to sales in 2018 and after the sale of Toshiba’s PC business to Sharp another $1 million order was received. We expect orders could accelerate now that the acquisition is complete.”

According to TipRanks.com, McIlree is ranked #4550 out of 5256 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vuzix Corporation with a $9.67 average price target, implying a 180.3% upside from current levels. In a report issued on March 15, Alliance Global Partners also maintained a Buy rating on the stock with a $8 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts