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Analysts Conflicted on These Consumer Cyclical Names: Coupang (CPNG), Rivian Automotive (RIVN) and O’Reilly Auto (ORLY)

Tipranks - Wed Jul 8, 7:34AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Coupang (CPNG), Rivian Automotive (RIVN) and O’Reilly Auto (ORLY).

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Coupang (CPNG)

J.P. Morgan analyst Stanley Yang maintained a Buy rating on Coupang yesterday and set a price target of $26.00. The company’s shares closed last Monday at $19.15.

Yang has an average return of 4.8% when recommending Coupang. ;'>

According to TipRanks.com, Yang is ranked #8403 out of 12377 analysts.

Currently, the analyst consensus on Coupang is a Moderate Buy with an average price target of $24.03, representing a 29.8% upside. In a report issued on June 24, Bank of America Securities also reiterated a Buy rating on the stock with a $27.00 price target.

See the top stocks recommended by analysts >>

Rivian Automotive (RIVN)

In a report released yesterday, Rajat Gupta CFA from J.P. Morgan maintained a Sell rating on Rivian Automotive, with a price target of $15.00. The company’s shares closed last Monday at $20.14.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 8.8% and a 50.2% success rate. CFA covers the NA sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Dana Incorporated. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Rivian Automotive with a $18.24 average price target, representing a -1.7% downside. In a report issued on June 27, TipRanks – Anthropic also downgraded the stock to Sell with a $14.00 price target.

O’Reilly Auto (ORLY)

In a report released today, Scot Ciccarelli from Truist Financial maintained a Buy rating on O’Reilly Auto. The company’s shares closed last Monday at $84.24.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 14.6% and a 67.5% success rate. Ciccarelli covers the NA sector, focusing on stocks such as Genuine Parts Company, Accel Entertainment, and Advance Auto Parts. ;'>

Currently, the analyst consensus on O’Reilly Auto is a Strong Buy with an average price target of $111.27, implying a 23.3% upside from current levels. In a report released yesterday, TD Cowen also initiated coverage with a Buy rating on the stock with a $117.00 price target.

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