There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Amazon (AMZN – Research Report), Constellation Brands (STZ – Research Report) and Tesla (TSLA – Research Report) with bullish sentiments.
Amazon (AMZN)
In a report released today, Rohit Kulkarni from Roth MKM maintained a Buy rating on Amazon, with a price target of $125.00. The company’s shares closed last Monday at $102.17.
According to TipRanks.com, Kulkarni is a 5-star analyst with an average return of 12.0% and a 51.1% success rate. Kulkarni covers the Technology sector, focusing on stocks such as Fiverr International, Alphabet Class A, and Meta Platforms.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $136.64, implying a 35.3% upside from current levels. In a report issued on March 27, Goldman Sachs also reiterated a Buy rating on the stock with a $145.00 price target.
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Constellation Brands (STZ)
Barclays analyst Lauren Lieberman maintained a Buy rating on Constellation Brands yesterday and set a price target of $277.00. The company’s shares closed last Monday at $224.60.
According to TipRanks.com, Lieberman is a 4-star analyst with an average return of 2.2% and a 54.4% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola Europacific Partners, and Reynolds Consumer Products.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Brands with a $258.38 average price target, which is a 14.4% upside from current levels. In a report issued on March 26, Morgan Stanley also assigned a Buy rating to the stock with a $277.00 price target.
Tesla (TSLA)
Barclays analyst Dan Levy maintained a Buy rating on Tesla yesterday and set a price target of $275.00. The company’s shares closed last Monday at $184.51.
According to TipRanks.com, Levy is a 2-star analyst with an average return of -0.2% and a 37.5% success rate. Levy covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Dana Holding.
Tesla has an analyst consensus of Moderate Buy, with a price target consensus of $219.57, a 22.0% upside from current levels. In a report issued on March 27, Morgan Stanley also reiterated a Buy rating on the stock with a $220.00 price target.
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