There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Resonant (NASDAQ: RESN) and Infinera (NASDAQ: INFN) with bullish sentiments.
Resonant (NASDAQ: RESN)
Drexel Hamilton analyst Cody Acree reiterated a Buy rating on Resonant (NASDAQ: RESN) today and set a price target of $8. The company’s shares closed yesterday at $4.20.
Acree noted:
“We were also very encouraged that Resonant reiterated its guidance for significant sequential growth and to reach mid-single digit millions of royalty revenue by the end of the year.”
According to TipRanks.com, Acree is a 5-star analyst with an average return of 20.9% and a 70.6% success rate. Acree covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Tower Semiconductor, and NXP Semiconductors.
Resonant has an analyst consensus of Strong Buy, with a price target consensus of $8.60.
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Infinera (NASDAQ: INFN)
Drexel Hamilton analyst David Williams maintained a Buy rating on Infinera (NASDAQ: INFN) today and set a price target of $13. The company’s shares closed yesterday at $11.76, close to its 52-week high of $12.39.
According to TipRanks.com, Williams is a 2-star analyst with an average return of 1.5% and a 52.2% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Lumentum Holdings, and Calix Inc.
Infinera has an analyst consensus of Moderate Buy, with a price target consensus of $12.43.
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