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Analysts Offer Insights on Consumer Goods Companies: Grove Collaborative Holdings (GROV), Costco (COST) and Kroger Company (KR)

Tipranks - Sat Mar 7, 7:02AM CST

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Grove Collaborative Holdings (GROVResearch Report), Costco (COSTResearch Report) and Kroger Company (KRResearch Report) with bullish sentiments.

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Grove Collaborative Holdings (GROV)

In a report released today, Susan Anderson from Canaccord Genuity maintained a Buy rating on Grove Collaborative Holdings, with a price target of $2.00. The company’s shares closed last Thursday at $1.28, close to its 52-week low of $1.19.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 17.5% and a 45.2% success rate. Anderson covers the NA sector, focusing on stocks such as Peloton Interactive, Olaplex Holdings, and Sally Beauty. ;'>

Currently, the analyst consensus on Grove Collaborative Holdings is a Moderate Buy with an average price target of $2.00.

See the top stocks recommended by analysts >>

Costco (COST)

Goldman Sachs analyst Kate McShane reiterated a Buy rating on Costco yesterday and set a price target of $1088.00. The company’s shares closed last Thursday at $982.57.

According to TipRanks.com, McShane is a 4-star analyst with an average return of 6.2% and a 59.1% success rate. McShane covers the NA sector, focusing on stocks such as Floor & Decor Holdings, Driven Brands Holdings, and Dick’s Sporting Goods. ;'>

Currently, the analyst consensus on Costco is a Moderate Buy with an average price target of $1081.73, an 8.6% upside from current levels. In a report issued on February 27, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $1185.00 price target.

Kroger Company (KR)

In a report released yesterday, Leah Jordan from Goldman Sachs reiterated a Buy rating on Kroger Company, with a price target of $82.00. The company’s shares closed last Thursday at $71.57.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 16.3% and a 58.3% success rate. Jordan covers the Consumer Goods sector, focusing on stocks such as Grocery Outlet Holding, Once Upon a Farm, PBC, and The Hershey Company. ;'>

Kroger Company has an analyst consensus of Moderate Buy, with a price target consensus of $76.00, representing a 13.0% upside. In a report issued on February 22, Bank of America Securities also maintained a Buy rating on the stock with a $85.00 price target.

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