There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Steven Madden (SHOO – Research Report), Mercadolibre (MELI – Research Report) and Wayfair (W – Research Report) with bullish sentiments.
Steven Madden (SHOO)
In a report released yesterday, Janine Stichter from BTIG reiterated a Buy rating on Steven Madden, with a price target of $50.00. The company’s shares closed last Thursday at $43.68, close to its 52-week high of $44.23.
According to TipRanks.com, Stichter is a 3-star analyst with an average return of
Steven Madden has an analyst consensus of Hold, with a price target consensus of $42.13.
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Mercadolibre (MELI)
BTIG analyst Marvin Fong maintained a Buy rating on Mercadolibre today and set a price target of $1885.00. The company’s shares closed last Thursday at $1817.98, close to its 52-week high of $1825.00.
According to TipRanks.com, Fong has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $1940.00 average price target, a 9.8% upside from current levels. In a report issued on February 13, J.P. Morgan also maintained a Buy rating on the stock.
Wayfair (W)
Wells Fargo analyst Zachary Fadem maintained a Buy rating on Wayfair yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $54.04.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $66.96 average price target, which is a 28.2% upside from current levels. In a report issued on February 16, Raymond James also upgraded the stock to Buy with a $65.00 price target.
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Read More on SHOO:
- Williams Trading downgrades Steven Madden on DTC business concerns
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- Steve Madden Announces Fourth Quarter and Fiscal Year End 2023 Earnings Release Date
- Steven Madden initiated with a Neutral at Piper Sandler
