Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Logitech (LOGI) and Tesla (TSLA).
Logitech (LOGI)
In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Logitech, with a price target of $45. The company’s shares closed yesterday at $38.86.
According to TipRanks.com, Pachter is a 4-star analyst with an average return of 4.3% and a 54.3% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Logitech has an analyst consensus of Strong Buy, with a price target consensus of $45.50, which is a 17.1% upside from current levels. In a report issued on July 3, Citigroup also maintained a Buy rating on the stock with a $46 price target.
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Tesla (TSLA)
In a report released today, Rajvindra Gill from Needham maintained a Sell rating on Tesla. The company’s shares closed yesterday at $254.86.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.8% and a 55.7% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
Currently, the analyst consensus on Tesla is a Hold with an average price target of $262.64, representing a 3.1% upside. In a report issued on July 3, J.P. Morgan also maintained a Sell rating on the stock with a $200 price target.
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