Avnet, Inc. (AVT)
NASDAQ: AVT · IEX Real-Time Price · USD
48.47
+1.09 (2.30%)
Apr 23, 2024, 4:00 PM EDT - Market closed
Avnet Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Avnet stock have an average target of 45.5, with a low estimate of 40 and a high estimate of 50. The average target predicts a decrease of -6.13% from the current stock price of 48.47.
Analyst Consensus: Sell
* Price targets were last updated on Feb 1, 2024.
Analyst Ratings
The average analyst rating for Avnet stock from 4 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 2 | 2 | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Total | 5 | 5 | 5 | 6 | 6 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $48 → $42 | Strong Sell | Maintains | $48 → $42 | -13.35% | Feb 1, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $49 → $50 | Hold | Maintains | $49 → $50 | +3.16% | Aug 17, 2023 |
| Stifel | Stifel | Hold Maintains $45 → $50 | Hold | Maintains | $45 → $50 | +3.16% | Aug 17, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $37 → $40 | Sell | Maintains | $37 → $40 | -17.47% | Aug 17, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $38 → $37 | Sell | Maintains | $38 → $37 | -23.66% | May 4, 2023 |
Financial Forecast
Revenue This Year
24.23B
from 26.54B
Decreased by -8.69%
Revenue Next Year
24.57B
from 24.23B
Increased by 1.40%
EPS This Year
5.30
from 8.26
Decreased by -35.87%
EPS Next Year
6.01
from 5.30
Increased by 13.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 25.4B | 26.4B | 26.9B |
| Avg | 24.2B | 24.6B | 25.9B |
| Low | 23.3B | 22.9B | 25.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -4.1% | 8.9% | 9.6% |
| Avg | -8.7% | 1.4% | 5.4% |
| Low | -12.0% | -5.3% | 2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.57 | 7.40 | 8.04 |
| Avg | 5.30 | 6.01 | 7.74 |
| Low | 5.01 | 4.74 | 7.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -32.6% | 39.8% | 33.8% |
| Avg | -35.9% | 13.5% | 28.7% |
| Low | -39.4% | -10.5% | 24.9% |
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.