There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Take-Two (NASDAQ:TTWO) and Applied Materials (NASDAQ:AMAT) with bullish sentiments.
Take-Two (TTWO)
In a report released yesterday, Drew Crum from Stifel Nicolaus reiterated a Buy rating on Take-Two, with a price target of $137. The company’s shares closed on Friday at $123.41, close to its 52-week high of $130.43.
According to TipRanks.com, Crum is a top 100 analyst with an average return of 36.4% and a 85.8% success rate. Crum covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Electronic Arts, and Harley-Davidson.
Currently, the analyst consensus on Take-Two is a Strong Buy with an average price target of $137.73, implying an 11.6% upside from current levels. In a report issued on July 26, Wedbush also maintained a Buy rating on the stock with a $132 price target.
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Applied Materials (AMAT)
Applied Materials received a Buy rating and a $62 price target from Cowen & Co. analyst Krish Sankar today. The company’s shares closed on Friday at $48.84.
According to TipRanks.com, Sankar is a 3-star analyst with an average return of 6.6% and a 51.2% success rate. Sankar covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Kla-Tencor Corp, and MKS Instruments.
Currently, the analyst consensus on Applied Materials is a Strong Buy with an average price target of $66.64.
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