Analysts Offer Insights on Consumer Goods Companies: Amazon (NASDAQ: AMZN) and Nike (NYSE: NKE)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Amazon (AMZNResearch Report) and Nike (NKEResearch Report) with bullish sentiments.

Amazon (AMZN)

In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Amazon, with a price target of $4200.00. The company’s shares closed last Friday at $3486.90, close to its 52-week high of $3554.00.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 27.1% and a 76.8% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Procore Technologies Inc, and Palantir Technologies.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $4297.58, representing a 23.5% upside. In a report issued on June 8, Merrill Lynch also reiterated a Buy rating on the stock with a $4360.00 price target.

See today’s analyst top recommended stocks >>

Nike (NKE)

Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Nike today and set a price target of $167.00. The company’s shares closed last Friday at $128.41.

According to TipRanks.com, Kummetz is a 5-star analyst with an average return of 22.4% and a 62.6% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.

Currently, the analyst consensus on Nike is a Strong Buy with an average price target of $164.69, implying a 30.0% upside from current levels. In a report issued on June 14, UBS also maintained a Buy rating on the stock with a $170.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.