There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Lightpath Technologies (LPTH), TTM Technologies (TTMI) and Palo Alto Networks (PANW) with bullish sentiments.
Lightpath Technologies (LPTH)
B.Riley FBR analyst Marc Wiesenberger reiterated a Buy rating on Lightpath Technologies today and set a price target of $2.50. The company’s shares closed last Monday at $0.75, close to its 52-week low of $0.62.
Wiesenberger observed:
“Buy-rated LightPath Technologies (LPTH, $2.50 PT) will report F4Q19 (Jun) results AMC on Thursday, 9/12, and will hold its conference call the following day, 8:30AM ET (dial-in: 877.317.2514). Recall, on 8/8, LPTH released preliminary F4Q results expecting revenues between $8.4M-$8.7M, below our $8.9M estimate at the time of the release (we are consensus). We model revenues, adj. EBITDA, and adj. EPS of $8.5M, $0.7M, and $(0.01), respectively. FY19 (Jun) was impacted by a number of factors that prevented the business from operating at full potential, but we believe that many of these issues are now behind the company which is poised to see material improvement in FY20 (Jun).”
According to TipRanks.com, Wiesenberger is ranked #715 out of 5536 analysts.
Lightpath Technologies has an analyst consensus of Hold.
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TTM Technologies (TTMI)
B.Riley FBR analyst Mike Crawford initiated coverage with a Buy rating on TTM Technologies yesterday and set a price target of $17.75. The company’s shares closed last Monday at $11.02.
Crawford commented:
“We are initiating coverage of TTMI Technologies, Inc. (TTMI) with a Buy rating and a 12- month price target of $17.75 per share. Many investors know TTMI as a leading printed circuit board (PCB) manufacturer, but we believe it remains unrecognized as a value-added engineering and RF partner serving an aerospace and defense (A&D) vertical that comprised 28% of 2Q19 revenue. Overall, TTMI has generated $2.7B in revenue and $401M in EBITDA on an LTM basis, including a full year with its $788M April 2018 acquisition of Anaren. Anaren is a mission-critical RF solutions, microelectronics, and microwave component and subassembly manufacturer serving wireless infrastructure and A&D providers, and we believe that it differentiates TTMI from high-volume PCB manufacturing peers.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 4.6% and a 50.5% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Kratos Defense, and Ducommun Inc.
TTM Technologies has an analyst consensus of Hold, with a price target consensus of $14.
Palo Alto Networks (PANW)
In a report released today, Kenneth Talanian from Evercore ISI maintained a Buy rating on Palo Alto Networks, with a price target of $300. The company’s shares closed last Monday at $200.49.
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 14.0% and a 62.3% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and Symantec Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $278.64 average price target, a 39.3% upside from current levels. In a report issued on August 22, Oppenheimer also reiterated a Buy rating on the stock with a $285 price target.
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