Analysts Conflicted on These Consumer Goods Names: Qorvo (NASDAQ: QRVO) and First Solar (NASDAQ: FSLR)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Qorvo (NASDAQ: QRVO) and First Solar (NASDAQ: FSLR).

Qorvo (NASDAQ: QRVO)

In a report issued on September 13, Quinn Bolton from Needham reiterated a Buy rating on Qorvo (NASDAQ: QRVO), with a price target of $86. The company’s shares closed on Friday at $75.49, close to its 52-week high of $79.34.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 19.2% and a 70.9% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Quantenna Communications, and Integrated Device Tech.

Currently, the analyst consensus on Qorvo is Moderate Buy and the average price target is $79.75, representing a 5.6% upside.

In a report issued on September 13, Craig-Hallum also reiterated a Buy rating on the stock.
First Solar (NASDAQ: FSLR)

Needham analyst Edwin Mok reiterated a Hold rating on First Solar (NASDAQ: FSLR) on September 13. The company’s shares closed on Friday at $50.45, close to its 52-week high of $51.84.

According to TipRanks.com, Mok is a 5-star analyst with an average return of 14.7% and a 65.6% success rate. Mok covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, SolarEdge Technologies, and Axcelis Technologies.

Currently, the analyst consensus on First Solar is Moderate Buy and the average price target is $59, representing a 16.9% upside.

In a report issued on September 1, Robert W. Baird also reiterated a Hold rating on the stock with a $50 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.