There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Rivian Automotive (RIVN – Research Report), Wesfarmers Limited (WFAFF – Research Report) and Rover Group (ROVR – Research 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
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.
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
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
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.
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