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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Thu Aug 6, 9:42AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Mattel (MAT), First Watch Restaurant Group (FWRG) and Global-e Online (GLBE) with bullish sentiments.

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Mattel (MAT)

D.A. Davidson analyst Keegan Cox maintained a Buy rating on Mattel today. The company’s shares closed last Wednesday at $14.65.

According to TipRanks.com, Cox is a 3-star analyst with an average return of 8.9% and a 47.6% success rate. Cox covers the NA sector, focusing on stocks such as Superior Group of Companies, Hasbro, and Funko. ;'>

Currently, the analyst consensus on Mattel is a Moderate Buy with an average price target of $17.75, implying a 13.4% upside from current levels. In a report issued on August 1, TipRanks – xAI also upgraded the stock to Buy with a $17.00 price target.

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First Watch Restaurant Group (FWRG)

D.A. Davidson analyst Matt Curtis maintained a Buy rating on First Watch Restaurant Group today and set a price target of $17.00. The company’s shares closed last Wednesday at $12.75.

According to TipRanks.com, Curtis ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.3% and a 28.6% success rate. Curtis covers the NA sector, focusing on stocks such as BJ’s Restaurants, CAVA Group, Inc., and Dutch Bros Inc. ;'>

Currently, the analyst consensus on First Watch Restaurant Group is a Strong Buy with an average price target of $19.14, implying a 49.4% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $17.00 price target.

Global-e Online (GLBE)

Piper Sandler analyst Billy Fitzsimmons reiterated a Buy rating on Global-e Online yesterday and set a price target of $48.00. The company’s shares closed last Wednesday at $41.84.

According to TipRanks.com, Fitzsimmons is a 4-star analyst with an average return of 12.0% and a 78.0% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, ZoomInfo Technologies, and Freshworks. ;'>

Global-e Online has an analyst consensus of Strong Buy, with a price target consensus of $44.00, a 4.5% upside from current levels. In a report issued on July 22, Bank of America Securities also maintained a Buy rating on the stock with a $44.00 price target.

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