Black Friday Preview: 'Consumers Will Likely Show Up' — 14 Retail, Technology Stock Picks From Analysts
Portfolio Pulse from Chris Katje
Ahead of Black Friday, KeyBanc analysts express a cautious view on consumer spending but believe consumers will seek deals and bargains. They recommend Five Below, Ollie's Bargain Outlet, Walmart, Nordstrom, Lululemon Athletica, and On Holding with overweight ratings and specific price targets. Roth MKM analyst Scott Searle anticipates a recovery in the semiconductor, broadband, and IoT sectors, highlighting Calix, Clearfield, Cambium Networks, Aviat Networks, Semtech, Interdigital, PowerFleet, and KORE Group Holdings as stocks to watch, with expectations of smartphone growth and improved balance sheets.
November 20, 2023 | 4:47 pm
News sentiment analysis
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POSITIVE IMPACT
Aviat Networks is recognized by Roth MKM as a company that could see benefits from fixed wireless access deployments.
Aviat Networks' mention as a company that could benefit from fixed wireless access deployments suggests that Roth MKM sees potential for stock appreciation in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Calix Inc is highlighted by Roth MKM for potential growth in the broadband sector, suggesting a positive outlook for the stock.
Calix's mention as a company to watch in the broadband sector by Roth MKM indicates a positive sentiment that could influence the stock price positively in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Clearfield Inc is on Roth MKM's radar for investors, with expectations of benefiting from fixed wireless access deployments.
Clearfield's identification as a beneficiary of fixed wireless access deployments by Roth MKM could lead to increased investor interest and a potential short-term rise in its stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cambium Networks is expected by Roth MKM to benefit from deployments, which could positively impact its stock in the short term.
Cambium Networks' potential benefit from deployments as highlighted by Roth MKM suggests a positive outlook that could lead to a short-term appreciation in its stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Five Below Inc has an overweight rating and a $215 price target from KeyBanc analysts, indicating a positive outlook for the stock during the holiday shopping season.
The overweight rating and high price target suggest that KeyBanc analysts expect Five Below to perform well during the holiday shopping season, potentially leading to a short-term increase in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Interdigital is expected to benefit from smartphone growth, as per Roth MKM, which could positively influence its stock in the near term.
Interdigital's potential benefit from smartphone growth, as highlighted by Roth MKM, indicates a positive outlook that could lead to a short-term rise in its stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Nordstrom Inc is recommended by KeyBanc with an overweight rating and a $19 price target, highlighting improvements in its off-price Rack segment.
Nordstrom's positive rating and price target are based on enhancements in its off-price segment and inventory trends, which could attract investors and positively impact the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KORE Group Holdings is recognized for its improving balance sheet, with Roth MKM indicating potential for stock appreciation.
KORE Group Holdings' improved financials and the positive outlook from Roth MKM could attract investor interest and lead to a short-term increase in its stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lululemon Athletica Inc is given an overweight rating and a $450 price target by KeyBanc, with a focus on athletic wear and new product launches.
Lululemon's strong rating and price target reflect the analysts' belief in the company's potential to benefit from the casualization of apparel and new product launches, which could drive the stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ollie's Bargain Outlet Holdings receives an overweight rating and a $93 price target from KeyBanc, indicating optimism for its performance during the holiday season.
The positive rating and price target for Ollie's Bargain Outlet suggest that analysts expect the company to capitalize on consumer trends towards value shopping, which could boost the stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
On Holding AG receives an overweight rating and a $40 price target from KeyBanc, indicating a bullish stance on the company's prospects.
The overweight rating and price target for On Holding AG suggest that analysts see the company as well-positioned in the athletic wear market, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
PowerFleet Inc is noted for improving its balance sheet, which Roth MKM believes could lead to meaningful appreciation into 2024.
PowerFleet's improved balance sheet and Roth MKM's expectation of meaningful appreciation into 2024 suggest a positive short-term impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Semtech Corp is highlighted for potential growth in the smartphone sector, which could be a positive driver for its stock price.
Semtech Corp's association with expected smartphone growth by Roth MKM suggests a positive sentiment that could lead to a short-term increase in its stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Walmart Inc is favored by KeyBanc with an overweight rating and a $177 price target, reflecting a positive stance on its Black Friday and holiday sales.
Walmart's overweight rating and ambitious price target indicate that analysts expect the retail giant to perform well during the crucial holiday shopping period, which could lead to a short-term uptick in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80