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Avnet Inc has a consensus price target of $49.71 based on the ratings of 7 analysts. The high is $57 issued by Raymond James on January 27, 2022. The low is $42 issued by Goldman Sachs on February 1, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, Truist Securities, and Stifel on August 9, 2024, respectively. With an average price target of $50.67 between Wells Fargo, Truist Securities, and Stifel, there's an implied -5.70% downside for Avnet Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Avnet (NASDAQ:AVT) was reported by Wells Fargo on August 9, 2024. The analyst firm set a price target for $45.00 expecting AVT to fall to within 12 months (a possible -16.25% downside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Avnet (NASDAQ:AVT) was provided by Wells Fargo, and Avnet maintained their underweight rating.
There is no last upgrade for Avnet
The last downgrade for Avnet Inc happened on September 16, 2022 when Wells Fargo changed their price target from N/A to $35 for Avnet Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Avnet, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Avnet was filed on August 9, 2024 so you should expect the next rating to be made available sometime around August 9, 2025.
While ratings are subjective and will change, the latest Avnet (AVT) rating was a maintained with a price target of $40.00 to $45.00. The current price Avnet (AVT) is trading at is $53.73, which is out of the analyst’s predicted range.
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