There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Tesla (NASDAQ:TSLA) and Nike (NYSE:NKE) with bullish sentiments.
Tesla (TSLA)
In a report released today, Joseph Spak from RBC Capital maintained a Buy rating on Tesla, with a price target of $411. The company’s shares opened today at $299.68.
According to TipRanks.com, Spak is a 4-star analyst with an average return of 9.8% and a 59.2% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Dana Holding, and Visteon Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $320.87 average price target, a 7.1% upside from current levels. In a report issued on September 10, Oppenheimer also maintained a Buy rating on the stock with a $385 price target.
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Nike (NKE)
In a report released today, Michael Binetti from Credit Suisse maintained a Buy rating on Nike, with a price target of $90. The company’s shares opened today at $84.27, close to its 52-week high of $86.04.
According to TipRanks.com, Binetti is a 5-star analyst with an average return of 13.2% and a 61.1% success rate. Binetti covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Foot Locker Inc, and TJX Companies.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $86.57, a 2.7% upside from current levels. In a report issued on September 10, Wedbush also reiterated a Buy rating on the stock with a $90 price target.
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