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Analysts Are Bullish on These Consumer Goods Stocks: Warby Parker (WRBY), Arhaus (ARHS)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Warby Parker (WRBYResearch Report), Arhaus (ARHSResearch Report) and Rivian Automotive (RIVNResearch Report) with bullish sentiments.

Warby Parker (WRBY)

In a report issued on August 11, Mark Altschwager from Robert W. Baird maintained a Buy rating on Warby Parker, with a price target of $25.00. The company’s shares closed last Monday at $16.75, close to its 52-week low of $10.86.

According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 6.7% and a 43.5% success rate. Altschwager covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, Lululemon Athletica, and Bath & Body Works.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Warby Parker with a $19.70 average price target, representing a 16.2% upside. In a report issued on August 12, Telsey Advisory also maintained a Buy rating on the stock with a $25.00 price target.

See the top stocks recommended by analysts >>

Arhaus (ARHS)

Robert W. Baird analyst Peter Benedict assigned a Buy rating to Arhaus on August 11 and set a price target of $9.00. The company’s shares closed last Monday at $8.84.

According to TipRanks.com, Benedict is a 5-star analyst with an average return of 15.5% and a 69.6% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and Bed Bath & Beyond.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arhaus with a $11.00 average price target, implying a 37.7% upside from current levels. In a report issued on August 8, Telsey Advisory also maintained a Buy rating on the stock with a $9.00 price target.

Rivian Automotive (RIVN)

Robert W. Baird analyst Ben Kallo reiterated a Buy rating on Rivian Automotive on August 11 and set a price target of $51.00. The company’s shares closed last Monday at $37.28, close to its 52-week low of $19.25.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 10.5% and a 60.7% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as 5E Advanced Materials, Inc., Archer Daniels Midland, and Darling Ingredients.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rivian Automotive with a $48.17 average price target, which is a 29.4% upside from current levels. In a report issued on August 11, Mizuho Securities also maintained a Buy rating on the stock with a $65.00 price target.

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