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 Lowe’s (LOW – Research Report), Walmart (WMT – Research Report) and Rent the Runway (RENT – Research Report) with bullish sentiments.

Lowe’s (LOW)

In a report released yesterday, Jonathan Matuszewski from Jefferies reiterated a Buy rating on Lowe’s, with a price target of $258.00. The company’s shares closed last Wednesday at $206.89.

According to TipRanks.com, Matuszewski is a 3-star analyst with an average return of 4.0% and a 43.5% success rate. Matuszewski covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Bed Bath & Beyond, and Williams-Sonoma.

Lowe’s has an analyst consensus of Moderate Buy, with a price target consensus of $233.63, which is a 15.2% upside from current levels. In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $246.00 price target.

See the top stocks recommended by analysts >>

Walmart (WMT)

In a report released today, Michael Lasser from UBS maintained a Buy rating on Walmart, with a price target of $170.00. The company’s shares closed last Wednesday at $148.55.

According to TipRanks.com, Lasser is a 5-star analyst with an average return of 13.3% and a 65.1% success rate. Lasser covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and Floor & Decor Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $162.76 average price target, representing an 8.6% upside. In a report issued on December 1, Atlantic Equities also maintained a Buy rating on the stock with a $165.00 price target.

Rent the Runway (RENT)

Jefferies analyst Ashley Helgans maintained a Buy rating on Rent the Runway yesterday and set a price target of $10.00. The company’s shares closed last Wednesday at $1.36, close to its 52-week low of $1.10.

According to TipRanks.com, Helgans is a 1-star analyst with an average return of -3.2% and a 55.3% success rate. Helgans covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Waldencast Acquisition, and Natura & Co Holding.

Rent the Runway has an analyst consensus of Strong Buy, with a price target consensus of $6.15, a 359.0% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $6.00 price target.

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Read More on LOW:

• Lowe’s Institutes $15B Stock Buyback Program; Reiterates Outlook
• Lowe’s to hold an analyst and investor meeting
• Lowe’s backs FY22 adjusted EPS view $13.65-$13.80, consensus $13.76
• Lowe’s announces $15B stock repurchase plan
• Lowe’s Outlines Next Chapter of Total Home Strategy to Fuel Long-Term Growth