Blurbs

Wall Street Analysts Are Bullish on Top Consumer Goods Picks

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Rivian Automotive (RIVNResearch Report), Wesfarmers Limited (WFAFFResearch Report) and Rover Group (ROVRResearch Report) with bullish sentiments.

Rivian Automotive (RIVN)

BNP Paribas analyst James Picariello reiterated a Buy rating on Rivian Automotive on October 17 and set a price target of $39.00. The company’s shares closed last Tuesday at $31.85, close to its 52-week low of $19.25.

Picariello has an average return of 13.0% when recommending Rivian Automotive.

According to TipRanks.com, Picariello is ranked #165 out of 8037 analysts.

Currently, the analyst consensus on Rivian Automotive is a Moderate Buy with an average price target of $47.14, representing a 49.9% upside. In a report issued on October 4, Truist Financial also maintained a Buy rating on the stock with a $65.00 price target.

See today’s best-performing stocks on TipRanks >>

Wesfarmers Limited (WFAFF)

In a report issued on October 28, Ben Gilbert from Jarden maintained a Buy rating on Wesfarmers Limited, with a price target of A$44.00. The company’s shares closed last Tuesday at $29.35, close to its 52-week low of $27.83.

According to TipRanks.com, Gilbert is a 1-star analyst with an average return of -5.8% and a 26.2% success rate. Gilbert covers the Consumer Goods sector, focusing on stocks such as Treasury Wine Estates Limited, Harvey Norman Holdings Ltd, and Woolworths Group Ltd.

Wesfarmers Limited has an analyst consensus of Hold, with a price target consensus of $29.64, which is a -1.9% downside from current levels. In a report issued on October 28, UBS also maintained a Buy rating on the stock with a A$55.00 price target.

Rover Group (ROVR)

In a report issued on October 11, Andrew Boone from JMP Securities maintained a Buy rating on Rover Group, with a price target of $8.00. The company’s shares closed last Tuesday at $4.68, close to its 52-week low of $3.14.

According to TipRanks.com, Boone ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -27.3% and a 17.7% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Fiverr International, and AdTheorent Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rover Group with a $6.13 average price target, representing a 43.6% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $7.00 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 RIVN:

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