Analysts’ Top Consumer Goods Picks: MLNX, QUIK

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Mellanox (NASDAQ: MLNX) and QuickLogic (NASDAQ: QUIK) with bullish sentiments.

Mellanox (NASDAQ: MLNX)

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Mellanox (NASDAQ: MLNX), with a price target of $80. The company’s shares opened today at $68.20, close to its 52-week high of $69.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.4% and a 68.0% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as International Rectifier, Advanced Micro Devices, and Integrated Device Tech.

Currently, the analyst consensus on Mellanox is Moderate Buy and the average price target is $62.78, representing a -7.9% downside.

In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $80 price target.
QuickLogic (NASDAQ: QUIK)

Roth Capital analyst Sujeeva De Silva reiterated a Buy rating on QuickLogic (NASDAQ: QUIK) today and set a price target of $2.50. The company’s shares opened today at $1.99.

According to TipRanks.com, Silva is a top 100 analyst with an average return of 22.7% and a 73.4% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Semiconductor Manufacturing, Smart Global Holdings Inc, and Adesto Technologies Corp.

QuickLogic has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.

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