Analysts Conflicted on These Consumer Goods Names: Shotspotter Inc (NASDAQ: SSTI) and Adesto Technologies Corp (NASDAQ: IOTS)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Shotspotter Inc (SSTIResearch Report) and Adesto Technologies Corp (IOTSResearch Report).

Shotspotter Inc (SSTI)

Northland Securities analyst Tim Klasell maintained a Hold rating on Shotspotter Inc today and set a price target of $40. The company’s shares closed yesterday at $34.62.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 16.1% and a 63.9% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shotspotter Inc with a $49.60 average price target, implying a 43.3% upside from current levels. In a report released yesterday, William Blair also downgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Adesto Technologies Corp (IOTS)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Adesto Technologies Corp, with a price target of $10. The company’s shares closed yesterday at $7.64.

Richard commented:

“We maintain our OP rating and increase our PT to $10 up from $9 on slightly higher estimates.”

According to TipRanks.com, Richard is a 5-star analyst with an average return of 20.5% and a 63.3% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Akoustis Technologies, and Axcelis Technologies.

Adesto Technologies Corp has an analyst consensus of Strong Buy, with a price target consensus of $9.50, implying a 24.3% upside from current levels. In a report issued on July 29, B.Riley FBR also reiterated a Buy rating on the stock with a $9.50 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.