Arrow Electronics, Inc. (ARW)
NYSE: ARW · IEX Real-Time Price · USD
119.39
+0.12 (0.10%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Arrow Electronics Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Arrow Electronics stock have an average target of 128, with a low estimate of 124 and a high estimate of 132. The average target predicts an increase of 7.21% from the current stock price of 119.39.
Analyst Consensus: Hold
* Price targets were last updated on May 28, 2024.
Analyst Ratings
The average analyst rating for ARW stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 5 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $116 → $132 | Hold | Maintains | $116 → $132 | +10.56% | May 28, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $116 → $132 | Hold | Maintains | $116 → $132 | +10.56% | May 21, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $128 → $124 | Hold | Maintains | $128 → $124 | +3.86% | Feb 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $131 → $138 | Hold | Maintains | $131 → $138 | +15.59% | Aug 7, 2023 |
| B of A Securities | B of A Securities | Hold Maintains $140 → $135 | Hold | Maintains | $140 → $135 | +13.07% | May 9, 2023 |
Financial Forecast
Revenue This Year
28.02B
from 33.11B
Decreased by -15.36%
Revenue Next Year
29.93B
from 28.02B
Increased by 6.81%
EPS This Year
10.87
from 15.84
Decreased by -31.35%
EPS Next Year
15.21
from 10.87
Increased by 39.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.3B | 33.0B | 33.6B |
| Avg | 28.0B | 29.9B | 32.0B |
| Low | 26.6B | 27.0B | 30.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -5.6% | 17.6% | 12.4% |
| Avg | -15.4% | 6.8% | 6.9% |
| Low | -19.8% | -3.6% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.60 | 17.35 | 22.92 |
| Avg | 10.87 | 15.21 | 20.30 |
| Low | 9.73 | 12.59 | 18.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -20.5% | 59.5% | 50.7% |
| Avg | -31.3% | 39.9% | 33.4% |
| Low | -38.6% | 15.8% | 18.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.