Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Palo Alto Networks (PANW), HP (HPQ) and Silicon Laboratories (SLAB).
Palo Alto Networks (PANW)
In a report issued on December 6, Philip Winslow from Wells Fargo maintained a Buy rating on Palo Alto Networks. The company’s shares closed last Monday at $226.39.
According to TipRanks.com, Winslow is a 5-star analyst with an average return of 11.5% and a 71.4% success rate. Winslow covers the Technology sector, focusing on stocks such as Ping Identity Holding, Microsoft, and Autodesk.
Palo Alto Networks has an analyst consensus of Moderate Buy, with a price target consensus of $264.15, a 15.3% upside from current levels. In a report issued on November 21, Robert W. Baird also maintained a Buy rating on the stock with a $275.00 price target.
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HP (HPQ)
In a report issued on December 6, Aaron Rakers from Wells Fargo maintained a Hold rating on HP. The company’s shares closed last Monday at $20.50.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.8% and a 63.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Arista Networks, and Cisco Systems.
Currently, the analyst consensus on HP is a Hold with an average price target of $19.38, a -5.1% downside from current levels. In a report issued on November 27, Morgan Stanley also maintained a Hold rating on the stock with a $21.00 price target.
Silicon Laboratories (SLAB)
Wells Fargo analyst Gary Mobley maintained a Buy rating on Silicon Laboratories on December 6. The company’s shares closed last Monday at $110.37, close to its 52-week high of $115.29.
According to TipRanks.com, Mobley is a 4-star analyst with an average return of 11.9% and a 60.4% success rate. Mobley covers the Consumer Goods sector, focusing on stocks such as Cadence Design, Microchip, and Marvell.
Currently, the analyst consensus on Silicon Laboratories is a Hold with an average price target of $108.00.
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