Analysts Offer Insights on Consumer Goods Companies: NeoPhotonics (NYSE: NPTN) and Palo Alto Networks (NYSE: PANW)

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on NeoPhotonics (NPTNResearch Report) and Palo Alto Networks (PANWResearch Report) with bullish sentiments.

NeoPhotonics (NPTN)

In a report released today, Jun Zhang from Rosenblatt Securities maintained a Buy rating on NeoPhotonics, with a price target of $13. The company’s shares closed yesterday at $8.

Zhang said:

“We believe the EML laser business will benefit from 5G front haul deployments, but not until the second half of this year. In addition, we believe consensus F1Q EPS estimates (-$0.07) may be too conservative.”

According to TipRanks.com, Zhang is a 3-star analyst with an average return of 3.9% and a 58.7% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Viavi Solutions.

Currently, the analyst consensus on NeoPhotonics is a Moderate Buy with an average price target of $11.10.

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Palo Alto Networks (PANW)

Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on Palo Alto Networks today. The company’s shares closed yesterday at $235.55, close to its 52-week high of $239.50.

Senk wrote:

“We reiterate our buy rating and increase our price target to $306.”

According to TipRanks.com, Senk is a 5-star analyst with an average return of 22.4% and a 78.9% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Cloudera Inc, and MongoDB Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $261.94 average price target, which is an 11.2% upside from current levels. In a report issued on February 12, Evercore ISI also maintained a Buy rating on the stock with a $270 price target.

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