Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: EVgo (EVGO), Rivian Automotive (RIVN) and AutoZone (AZO)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on EVgo (EVGO – Research Report), Rivian Automotive (RIVN – Research Report) and AutoZone (AZO – Research Report).
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EVgo (EVGO)
Morgan Stanley analyst David Arcaro maintained a Hold rating on EVgo today and set a price target of $4.50. The company’s shares closed last Tuesday at $2.68, close to its 52-week low of $1.65.
According to TipRanks.com, Arcaro is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EVgo with a $5.83 average price target, implying a 105.3% upside from current levels. In a report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $3.00 price target.
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Rivian Automotive (RIVN)
J.P. Morgan analyst Ryan Brinkman reiterated a Sell rating on Rivian Automotive yesterday and set a price target of $9.00. The company’s shares closed last Tuesday at $15.10.
According to TipRanks.com, Brinkman is a 1-star analyst with an average return of
Currently, the analyst consensus on Rivian Automotive is a Hold with an average price target of $17.52, implying a 18.9% upside from current levels. In a report issued on February 17, D.A. Davidson also downgraded the stock to Sell with a $14.00 price target.
AutoZone (AZO)
J.P. Morgan analyst Christopher Horvers maintained a Buy rating on AutoZone today and set a price target of $4300.00. The company’s shares closed last Tuesday at $3637.17.
According to TipRanks.com, Horvers is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AutoZone with a $4218.80 average price target, a 15.6% upside from current levels. In a report issued on February 17, TipRanks – PerPlexity also upgraded the stock to Buy with a $4283.00 price target.
