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There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Synopsys (NASDAQ: SNPS) and NetApp (NASDAQ: NTAP) with bullish sentiments.
Synopsys (NASDAQ: SNPS)
In a report released today, Monika Garg from KeyBanc maintained a Buy rating on Synopsys (NASDAQ: SNPS), with a price target of $112. The company’s shares closed yesterday at $90.33.
According to TipRanks.com, Garg is a 5-star analyst with an average return of 29.0% and a 79.3% success rate. Garg covers the Technology sector, focusing on stocks such as Aspen Technology, Oracle Corp, and Guidewire.
Synopsys has an analyst consensus of Moderate Sell, with a price target consensus of $87.
See today’s analyst top recommended stocks >>
NetApp (NASDAQ: NTAP)
BMO Capital analyst Tim Long maintained a Buy rating on NetApp (NASDAQ: NTAP) today and set a price target of $75. The company’s shares closed yesterday at $66.79.
According to TipRanks.com, Long is a 5-star analyst with an average return of 20.2% and a 67.9% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.
Currently, the analyst consensus on NetApp is Strong Buy and the average price target is $75.62, representing a 13.2% upside.
In a report issued on May 18, Loop Capital Markets also maintained a Buy rating on the stock with a $85 price target.
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