There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Vuzix Corporation (VUZI) and Celsius Holdings Inc (CELH) with bullish sentiments.
Vuzix Corporation (VUZI)
In a report released today, Nehal Chokshi from Maxim Group maintained a Buy rating on Vuzix Corporation, with a price target of $11. The company’s shares closed yesterday at $6.14.
Chokshi observed:
“Revenue disappoints; but inventory and rising backlog indicate manufacturing, not demand was the issue. S&M decline is a concern, which leads us to reducing our Dec Q and CY19 estimates. Given our deep dive on optical train R&D roadmap, we continue to believe VUZI waveguide can become the de factor optical train technology, thus we are maintaining our long-term estimates for a 12-month price target of $11 and Buy Rating.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 10.7% and a 58.5% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vuzix Corporation with a $10.50 average price target.
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Celsius Holdings Inc (CELH)
In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Celsius Holdings Inc, with a price target of $8. The company’s shares closed yesterday at $4.
Vendetti wrote:
“Market close, CELH reported significantly better-than- expected 2Q18 revenue, including International and Domestic revenue both above our estimates. However, this was offset by much higher sales and marketing expenses, due to roughly $5M of investment expenses spent in China, which led to a wider- than-expected EPS loss. We are introducing 2019 quarterly estimates and increasing our go-forward revenue estimates, but widening EPS losses due to our expectations of lower gross margins and higher expenses.”
According to TipRanks.com, Vendetti is a 5-star analyst with an average return of 11.5% and a 55.9% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Ra Medical Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celsius Holdings Inc with a $7.50 average price target, an 87.5% upside from current levels. In a report issued on November 6, B.Riley FBR also maintained a Buy rating on the stock with a $7 price target.
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