Blurbs

Analysts Offer Insights on Consumer Goods Companies: Activision Blizzard (ATVI), AutoZone (AZO) and Hormel Foods (HRL)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Activision Blizzard (ATVIResearch Report), AutoZone (AZOResearch Report) and Hormel Foods (HRLResearch Report).

Activision Blizzard (ATVI)

In a report released yesterday, Michael Pachter from Wedbush maintained a Buy rating on Activision Blizzard, with a price target of $95.00. The company’s shares closed last Wednesday at $81.49.

According to TipRanks.com, Pachter is a 3-star analyst with an average return of 2.7% and a 48.8% success rate. Pachter covers the Technology sector, focusing on stocks such as Alphabet Class A, Playtika Holding, and Unity Software.

Currently, the analyst consensus on Activision Blizzard is a Moderate Buy with an average price target of $96.00, which is a 18.0% upside from current levels. In a report issued on February 22, Jefferies also maintained a Buy rating on the stock with a $95.00 price target.

See the top stocks recommended by analysts >>

AutoZone (AZO)

In a report released today, Christopher Horvers from J.P. Morgan maintained a Buy rating on AutoZone, with a price target of $2200.00. The company’s shares closed last Wednesday at $1872.00.

According to TipRanks.com, Horvers is a 4-star analyst with an average return of 9.3% and a 61.3% success rate. Horvers covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Academy Sports and Outdoors, and Container Store Group.

Currently, the analyst consensus on AutoZone is a Moderate Buy with an average price target of $2204.29, which is a 21.1% upside from current levels. In a report released today, Truist Financial also maintained a Buy rating on the stock with a $2215.00 price target.

Hormel Foods (HRL)

In a report released today, Thomas Palmer from J.P. Morgan maintained a Hold rating on Hormel Foods, with a price target of $48.00. The company’s shares closed last Wednesday at $50.68, close to its 52-week high of $50.74.

According to TipRanks.com, Palmer is a 2-star analyst with an average return of 3.0% and a 50.0% success rate. Palmer covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Mission Produce.

Hormel Foods has an analyst consensus of Hold, with a price target consensus of $47.75, representing a -3.2% downside. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $50.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on ATVI:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
Videos

Latest News Feed