Analysts’ Top Consumer Goods Picks: Identiv (INVE), Broadcom (AVGO)

By Carrie Williams

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Identiv (INVEResearch Report) and Broadcom (AVGOResearch Report) with bullish sentiments.

Identiv (INVE)

In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Identiv, with a price target of $11. The company’s shares closed yesterday at $5.15.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.7% and a 56.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Identiv with a $9.19 average price target, a 78.4% upside from current levels. In a report released today, National Securities Corp also maintained a Buy rating on the stock with a $8 price target.

See today’s analyst top recommended stocks >>

Broadcom (AVGO)

Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Broadcom today and set a price target of $350. The company’s shares closed yesterday at $270.98.

According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.3% and a 59.8% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Lattice Semicon.

Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $313.38, representing a 15.6% upside. In a report released yesterday, Merrill Lynch also maintained a Buy rating on the stock with a $345 price target.

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