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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on JD (JDResearch Report) and Carvana Co (CVNAResearch Report) with bullish sentiments.

JD (JD)

Mizuho Securities analyst James Lee maintained a Buy rating on JD on August 23 and set a price target of $90.00. The company’s shares closed last Wednesday at $59.44.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 5.3% and a 51.9% success rate. Lee covers the Technology sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and DoorDash.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JD with a $89.63 average price target, a 58.2% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a $91.00 price target.

See the top stocks recommended by analysts >>

Carvana Co (CVNA)

Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Carvana Co on August 23 and set a price target of $65.00. The company’s shares closed last Wednesday at $36.09, close to its 52-week low of $19.45.

According to TipRanks.com, Sebastian is a 5-star analyst with an average return of 9.3% and a 50.4% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Alphabet Class A, and Alphabet Class C.

Currently, the analyst consensus on Carvana Co is a Moderate Buy with an average price target of $52.75, implying a 49.2% upside from current levels. In a report issued on August 16, Oppenheimer also maintained a Buy rating on the stock with a $100.00 price target.

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