There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Axcelis Technologies (NASDAQ:ACLS) and Control4 Corp (NASDAQ:CTRL) with bullish sentiments.
Axcelis Technologies (ACLS)
Needham analyst Edwin Mok reiterated a Buy rating on Axcelis Technologies today and set a price target of $27. The company’s shares closed yesterday at $22.90.
According to TipRanks.com, Mok is a 5-star analyst with an average return of 14.4% and a 58.9% success rate. Mok covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, SolarEdge Technologies, and Ultra Clean Holdings.
Currently, the analyst consensus on Axcelis Technologies is a Strong Buy with an average price target of $29, which is a 26.6% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $32 price target.
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Control4 Corp (CTRL)
Needham analyst Richard Valera reiterated a Buy rating on Control4 Corp today and set a price target of $33. The company’s shares closed yesterday at $26.26.
According to TipRanks.com, Valera is a 4-star analyst with an average return of 8.1% and a 61.5% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Trimble Navigation Limited, Audiocodes Ltd, and Cadence Design.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Control4 Corp with a $32.50 average price target, which is a 23.8% upside from current levels. In a report released today, Maxim Group also maintained a Buy rating on the stock with a $36 price target.
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