Analysts Conflicted on These Consumer Goods Names: Palo Alto Networks (NYSEArca: PANW), Ambarella (NASDAQ: AMBA) and Campbell Soup (NYSE: CPB)

By Ryan Adsit

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Palo Alto Networks (NYSEArca: PANW), Ambarella (NASDAQ: AMBA) and Campbell Soup (NYSE: CPB).

Palo Alto Networks (NYSEArca: PANW)

Evercore ISI analyst Kenneth Talanian assigned a Hold rating to Palo Alto Networks (NYSEArca: PANW) yesterday and set a price target of $145. The company’s shares closed yesterday at $132.69.

Talanian noted:

“We are encouraged by their initial indication of growth in F18, particularly given that we believe the majority of the company’s hardware refresh opportunity remains outstanding, but note this is not without execution risk. Further, initial indications around the company’s FCF margin framework appear to be towards the higher-end of prior guidance. We envision management will expound upon this at the upcoming analyst day (9/27). Along with today’s earnings release the company announced that current CFO Steffan Tomlinson has communicated his intent to retire and resign from the company. PANW shares are currently up ~5% in the aftermarket, and though we are encouraged with the results and guidance we believe a CFO transition serves as an overhang on the stock. We remain In Line rated but are raising our price target to $145 from $140 prior.”

According to TipRanks.com, Talanian is a 3-star analyst with an average return of 3.6% and a 55.6% success rate. Talanian covers the Technology sector, focusing on stocks such as Microsoft Corp, Proofpoint Inc, and Symantec Corp.

Currently, the analyst consensus on Palo Alto Networks is Moderate Buy and the average price target is $156.13, representing a 17.7% upside.

In a report issued on August 29, UBS also maintained a Hold rating on the stock with a $140 price target.
Ambarella (NASDAQ: AMBA)

Stifel Nicolaus analyst Kevin Cassidy reiterated a Buy rating on Ambarella (NASDAQ: AMBA) yesterday and set a price target of $52. The company’s shares closed yesterday at $54.40.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 20.1% and a 68.0% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Advanced Micro Devices.

Currently, the analyst consensus on Ambarella is Moderate Buy and the average price target is $60.75, representing an 11.7% upside.

In a report released yesterday, Roth Capital also assigned a Buy rating to the stock with a $65 price target.
Campbell Soup (NYSE: CPB)

Stifel Nicolaus analyst Christopher Growe reiterated a Hold rating on Campbell Soup (NYSE: CPB) yesterday and set a price target of $50. The company’s shares closed yesterday at $46.20, equals to its 52-week low of $46.20.

According to TipRanks.com, Growe is a 4-star analyst with an average return of 6.2% and a 58.7% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Mondelez International.

Campbell Soup has an analyst consensus of Moderate Sell, with a price target consensus of $55.

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