There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Silicon Motion (NASDAQ:SIMO) and Coca-Cola (NYSE:KO) with bullish sentiments.
Silicon Motion (SIMO)
Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Silicon Motion today and set a price target of $55. The company’s shares opened today at $37.59, close to its 52-week low of $35.25.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 13.3% and a 59.0% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Stmicroelectronics NV, and Cypress Semicon.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silicon Motion with a $58.68 average price target, which is a 56.1% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $58 price target.
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Coca-Cola (KO)
In a report released today, Carlos Laboy from HSBC maintained a Buy rating on Coca-Cola, with a price target of $64. The company’s shares opened today at $47.88, close to its 52-week high of $48.62.
Laboy has an average return of 20.2% when recommending Coca-Cola.
According to TipRanks.com, Laboy is ranked #1922 out of 4887 analysts.
Coca-Cola has an analyst consensus of Moderate Buy, with a price target consensus of $51.44, representing a 7.4% upside. In a report issued on October 17, RBC Capital also maintained a Buy rating on the stock with a $56 price target.
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