There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Gap (GPS) and AutoZone (AZO) with bullish sentiments.
Gap (GPS)
In a report issued on May 27, Ike Boruchow from Wells Fargo maintained a Buy rating on Gap, with a price target of $40.00. The company’s shares closed last Friday at $33.45, close to its 52-week high of $37.63.
According to TipRanks.com, Boruchow is a 4-star analyst with an average return of 8.3% and a 55.9% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Lululemon Athletica, and Burlington Stores.
Currently, the analyst consensus on Gap is a Moderate Buy with an average price target of $35.00, representing a 0.0% upside. In a report issued on May 28, RBC Capital also maintained a Buy rating on the stock with a $40.00 price target.
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AutoZone (AZO)
Wells Fargo analyst Zachary Fadem maintained a Buy rating on AutoZone on May 27. The company’s shares closed last Friday at $1406.60.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 30.0% and a 77.4% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.
Currently, the analyst consensus on AutoZone is a Moderate Buy with an average price target of $1601.08, which is a 13.7% upside from current levels. In a report issued on May 18, Credit Suisse also initiated coverage with a Buy rating on the stock with a $1437.00 price target.
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