Arrow Electronics, Inc. (ARW)
NYSE: ARW · IEX Real-Time Price · USD
122.04
+0.08 (0.07%)
Apr 18, 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 129.5, with a low estimate of 124 and a high estimate of 135. The average target predicts an increase of 6.11% from the current stock price of 122.04.
Analyst Consensus: Hold
* Price targets were last updated on Feb 9, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 5 | 5 | 5 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $128 → $124 | Hold | Maintains | $128 → $124 | +1.61% | Feb 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $131 → $138 | Hold | Maintains | $131 → $138 | +13.08% | Aug 7, 2023 |
| B of A Securities | B of A Securities | Hold Maintains $140 → $135 | Hold | Maintains | $140 → $135 | +10.62% | May 9, 2023 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $111 → $126 | Hold | Maintains | $111 → $126 | +3.24% | Feb 6, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $87 → $100 | Sell | Maintains | $87 → $100 | -18.06% | Feb 3, 2023 |
Financial Forecast
Revenue This Year
30.03B
from 33.11B
Decreased by -9.30%
Revenue Next Year
31.90B
from 30.03B
Increased by 6.23%
EPS This Year
12.10
from 15.84
Decreased by -23.63%
EPS Next Year
16.28
from 12.10
Increased by 34.59%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.3B | 35.0B | 35.1B |
| Avg | 30.0B | 31.9B | 33.8B |
| Low | 28.3B | 29.2B | 32.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.3% | 16.6% | 10.1% |
| Avg | -9.3% | 6.2% | 5.9% |
| Low | -14.5% | -2.6% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.10 | 18.74 | 20.64 |
| Avg | 12.10 | 16.28 | 19.86 |
| Low | 10.78 | 12.82 | 19.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -11.0% | 54.9% | 26.8% |
| Avg | -23.6% | 34.6% | 22.0% |
| Low | -31.9% | 6.0% | 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.