Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Wayfair (W) and Roku (ROKU).
Wayfair (W)
Oppenheimer analyst Brian Nagel reiterated a Buy rating on Wayfair today and set a price target of $395.00. The company’s shares closed last Wednesday at $301.40, close to its 52-week high of $304.41.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 25.4% and a 77.0% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $261.59 average price target, a -7.9% downside from current levels. In a report issued on July 24, Piper Sandler also maintained a Buy rating on the stock with a $275.00 price target.
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Roku (ROKU)
Wedbush analyst Michael Pachter reiterated a Hold rating on Roku today and set a price target of $160.00. The company’s shares closed last Wednesday at $165.42, close to its 52-week high of $176.55.
According to TipRanks.com, Pachter is a 4-star analyst with an average return of 3.4% and a 56.4% success rate. Pachter covers the Technology sector, focusing on stocks such as Glu Mobile, Facebook, and Alphabet.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roku with a $142.29 average price target, representing a -13.7% downside. In a report issued on August 3, Loop Capital Markets also maintained a Hold rating on the stock with a $120.00 price target.
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