October 31, 2024

Analysts Are Bullish on Top Consumer Cyclical Stocks: DR Horton (DHI), Amazon (AMZN)

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There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on DR Horton (DHI – Research Report) and Amazon (AMZN – Research Report) with bullish sentiments.

DR Horton (DHI)

In a report released today, Matthew Bouley from Barclays maintained a Buy rating on DR Horton, with a price target of $192.00. The company’s shares closed last Wednesday at $169.29.

According to TipRanks.com, Bouley is a top 100 analyst with an average return of 20.3% and a 64.9% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Advanced Drainage Systems, and SiteOne Landscape Supply.

Currently, the analyst consensus on DR Horton is a Moderate Buy with an average price target of $189.10, representing a 13.7% upside. In a report issued on October 17, Wells Fargo also maintained a Buy rating on the stock with a $220.00 price target.

See the top stocks recommended by analysts >>

Amazon (AMZN)

In a report released today, Brent Thill from Jefferies maintained a Buy rating on Amazon, with a price target of $225.00. The company’s shares closed last Wednesday at $192.73, close to its 52-week high of $201.20.

According to TipRanks.com, Thill is a 3-star analyst with an average return of 1.8% and a 53.7% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $224.14 average price target, a 15.1% upside from current levels. In a report issued on October 21, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 price target.

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