Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Vuzix Corporation (VUZI) and Broadcom (AVGO).
Vuzix Corporation (VUZI)
Chardan Capital analyst James McIlree reiterated a Buy rating on Vuzix Corporation today and set a price target of $10. The company’s shares opened today at $3.75, close to its 52-week low of $3.01.
McIlree commented:
“We expect a meaningful contribution to revenue next year which allows time for training and what is sometimes a lengthy sales cycle.”
According to TipRanks.com, McIlree is ranked #4513 out of 5252 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vuzix Corporation with a $11 average price target.
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Broadcom (AVGO)
In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Broadcom, with a price target of $250. The company’s shares opened today at $272.09, close to its 52-week high of $286.63.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 11.8% and a 75.0% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Synaptics Inc.
Currently, the analyst consensus on Broadcom is a Moderate Buy with an average price target of $294.10.
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