Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Identiv (INVE) and Shotspotter Inc (SSTI).
Identiv (INVE)
Northland Securities analyst Michael Latimore maintained a Buy rating on Identiv today and set a price target of $11. The company’s shares closed on Friday at $4.65.
Latimore wrote:
“We look for growth across all major business segments, and expect an improvement in premises gross margin. More channels, cross-sales, new wins and large deployments should help company. The stock is unduly inexpensive at only 0.77x FY20 revenue and 7.5x EBITDA.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.8% and a 59.4% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Currently, the analyst consensus on Identiv is a Strong Buy with an average price target of $8.94.
See today’s analyst top recommended stocks >>
Shotspotter Inc (SSTI)
In a report released today, Tim Klasell from Northland Securities maintained a Hold rating on Shotspotter Inc, with a price target of $47. The company’s shares closed on Friday at $43.17.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 18.8% and a 71.7% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.
Shotspotter Inc has an analyst consensus of Moderate Buy, with a price target consensus of $49.80.
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