There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Nvidia (NVDA) and The Estée Lauder Companies Inc (EL) with bullish sentiments.
Nvidia (NVDA)
Merrill Lynch analyst Vivek Arya maintained a Buy rating on Nvidia yesterday and set a price target of $225. The company’s shares closed last Monday at $168.13.
According to TipRanks.com, Arya is a 5-star analyst with an average return of 15.6% and a 55.6% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Kla-Tencor Corp, and Inphi Corp.
Nvidia has an analyst consensus of Moderate Buy, with a price target consensus of $184.17, representing a 8.0% upside. In a report issued on August 12, Wells Fargo also reiterated a Buy rating on the stock.
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The Estée Lauder Companies Inc (EL)
In a report released today, Mark Astrachan from Stifel Nicolaus maintained a Buy rating on The Estée Lauder Companies Inc, with a price target of $210. The company’s shares closed last Monday at $202.75, close to its 52-week high of $206.
According to TipRanks.com, Astrachan is a 5-star analyst with an average return of 8.6% and a 63.4% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Monster Beverage Corp, and Procter & Gamble.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Estée Lauder Companies Inc with a $208.50 average price target, a 4.6% upside from current levels. In a report issued on August 8, Evercore ISI also maintained a Buy rating on the stock with a $190 price target.
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