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Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Amazon (AMZN), Steven Madden (SHOO) and Patrick Industries (PATK)

Tipranks - Tipranks - Sat Aug 1, 8:54AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Amazon (AMZN), Steven Madden (SHOO) and Patrick Industries (PATK).

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Amazon (AMZN)

In a report released today, Gil Luria from D.A. Davidson maintained a Hold rating on Amazon, with a price target of $250.00. The company’s shares closed last Friday at $266.95.

According to TipRanks.com, Luria is a 4-star analyst with an average return of 9.3% and a 50.6% success rate. Luria covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Advanced Micro Devices, and Palantir Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $331.06 average price target, which is a 40.6% upside from current levels. In a report released today, TipRanks – OpenAI also downgraded the stock to Hold with a $247.00 price target.

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Steven Madden (SHOO)

Jefferies analyst Corey Tarlowe maintained a Sell rating on Steven Madden today and set a price target of $36.00. The company’s shares closed last Friday at $47.82, close to its 52-week high of $50.01.

According to TipRanks.com, Tarlowe is a 5-star analyst with an average return of 19.0% and a 65.5% success rate. Tarlowe covers the NA sector, focusing on stocks such as Burlington Stores, Victoria’s Secret, and Abercrombie Fitch. ;'>

Steven Madden has an analyst consensus of Moderate Buy, with a price target consensus of $49.63.

Patrick Industries (PATK)

In a report released today, Andrew Didora from Bank of America Securities maintained a Sell rating on Patrick Industries, with a price target of $85.00. The company’s shares closed last Friday at $82.98.

According to TipRanks.com, Didora is a 3-star analyst with an average return of 2.5% and a 57.3% success rate. Didora covers the NA sector, focusing on stocks such as Life Time Group Holdings, Camping World Holdings, and Norwegian Cruise Line. ;'>

Patrick Industries has an analyst consensus of Moderate Buy, with a price target consensus of $108.43.

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