There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on SolarEdge Technologies (NASDAQ:SEDG) and Infinera (NASDAQ:INFN) with bullish sentiments.
SolarEdge Technologies (SEDG)
Oppenheimer analyst Colin Rusch maintained a Buy rating on SolarEdge Technologies today. The company’s shares opened today at $47.05.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 13.9% and a 50.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
SolarEdge Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $59.13, implying a 25.7% upside from current levels. In a report issued on August 3, B.Riley FBR also maintained a Buy rating on the stock with a $64 price target.
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Infinera (INFN)
William Blair analyst Dmitry Netis reiterated a Buy rating on Infinera today. The company’s shares opened today at $8.75.
According to TipRanks.com, Netis is a 5-star analyst with an average return of 10.5% and a 56.9% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Acacia Communications, and Juniper Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for Infinera with a $10.29 average price target, representing a 17.6% upside. In a report issued on July 24, Northland Securities also upgraded the stock to Buy with a $12 price target.
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