There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Monster Beverage (MNST – Research Report) and Target (TGT – Research Report) with bullish sentiments.
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Monster Beverage (MNST)
In a report issued on January 15, Nik Modi from RBC Capital maintained a Buy rating on Monster Beverage, with a price target of $59.00. The company’s shares closed last Friday at $49.42.
According to TipRanks.com, Modi is a 4-star analyst with an average return of 6.0% and a 55.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Edgewell Personal Care, and Constellation Brands.
Monster Beverage has an analyst consensus of Moderate Buy, with a price target consensus of $56.86, implying a 13.2% upside from current levels. In a report issued on January 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $59.00 price target.
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Target (TGT)
In a report issued on January 16, Steven Shemesh from RBC Capital maintained a Buy rating on Target, with a price target of $159.00. The company’s shares closed last Friday at $133.61.
According to TipRanks.com, Shemesh is a 3-star analyst with an average return of 1.9% and a 55.6% success rate. Shemesh covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Ollie’s Bargain Outlet Holding, and Driven Brands Holdings.
Target has an analyst consensus of Moderate Buy, with a price target consensus of $145.93, representing a 9.8% upside. In a report issued on January 16, CFRA also maintained a Buy rating on the stock with a $162.00 price target.
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