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Analysts’ Top Consumer Cyclical Picks: Maplebear (CART), Magna International (MGA)

Tipranks - Tipranks - Tue May 5, 7:08AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Maplebear (CART) and Magna International (MGA) with bullish sentiments.

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Maplebear (CART)

In a report released today, Brian Pitz from BMO Capital maintained a Buy rating on Maplebear, with a price target of $60.00. The company’s shares closed last Friday at $42.19.

According to TipRanks.com, Pitz is a 5-star analyst with an average return of 13.3% and a 62.9% success rate. Pitz covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, DoubleVerify Holdings, and Alphabet Class A. ;'>

Currently, the analyst consensus on Maplebear is a Moderate Buy with an average price target of $50.41, which is a 17.5% upside from current levels. In a report issued on April 27, Cantor Fitzgerald also maintained a Buy rating on the stock with a $52.00 price target.

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Magna International (MGA)

In a report released today, Brian Morrison from TD Cowen maintained a Buy rating on Magna International, with a price target of $76.00. The company’s shares closed last Friday at $60.83.

According to TipRanks.com, Morrison is a 5-star analyst with an average return of 16.6% and a 58.7% success rate. Morrison covers the NA sector, focusing on stocks such as Martinrea International, Gildan Activewear, and Canadian Tire. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $62.46 average price target, implying a 0.8% upside from current levels. In a report issued on April 23, Scotiabank also upgraded the stock to Buy with a $72.00 price target.

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