Analysts Are Bullish on These Consumer Goods Stocks: ADTN, SILC

By Carrie Williams

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Adtran (NASDAQ: ADTN) and Silicom Ltd (NASDAQ: SILC) with bullish sentiments.

Adtran (NASDAQ: ADTN)

In a report released today, Richard Valera from Needham reiterated a Buy rating on Adtran (NASDAQ: ADTN), with a price target of $22. The company’s shares closed yesterday at $19.70, close to its 52-week low of $18.65.

According to TipRanks.com, Valera is a 4-star analyst with an average return of 8.1% and a 61.6% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Trimble Navigation Limited, Audiocodes Ltd, and Aviat Networks.

Currently, the analyst consensus on Adtran is Moderate Buy and the average price target is $21, representing a 6.6% upside.

In a report issued on December 29, MKM Partners also maintained a Buy rating on the stock with a $25 price target.
Silicom Ltd (NASDAQ: SILC)

In a report released today, Alex Henderson from Needham reiterated a Buy rating on Silicom Ltd (NASDAQ: SILC), with a price target of $90. The company’s shares closed yesterday at $71.98, close to its 52-week high of $77.95.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 11.6% and a 50.2% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Xtera Communications Inc, Applied Optoelectronics, and Acacia Communications.

Silicom Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $90.

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