Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Western Digital (NASDAQ:WDC) and ViaSat (NASDAQ:VSAT).
Western Digital (WDC)
In a report released today, Nehal Chokshi from Maxim Group reiterated a Buy rating on Western Digital, with a price target of $126. The company’s shares closed yesterday at $54.98, close to its 52-week low of $54.12.
Chokshi commented:
“Accelerated share buybacks signal share underperformance has created a compelling entry point; reiterating Buy rating and 12-month price target of $126.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 19.5% and a 66.5% 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 Western Digital with a $102.38 average price target, implying an 86.2% upside from current levels. In a report issued on August 28, Susquehanna also reiterated a Buy rating on the stock with a $145 price target.
.
See today’s analyst top recommended stocks >>
ViaSat (VSAT)
In a report released today, Simon Flannery from Morgan Stanley maintained a Hold rating on ViaSat, with a price target of $67. The company’s shares closed yesterday at $63.44.
According to TipRanks.com, Flannery is ranked #1335 out of 4870 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ViaSat with a $70.50 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
