Avnet, Inc. (AVT)
NASDAQ: AVT · IEX Real-Time Price · USD
54.60
+0.02 (0.04%)
May 31, 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, with a low estimate of 40 and a high estimate of 50. The average target predicts a decrease of -17.58% from the current stock price of 54.60.
Analyst Consensus: Sell
* Price targets were last updated on May 2, 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '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 | 1 | 1 | 1 | 1 |
| Total | 5 | 5 | 6 | 6 | 6 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $49 → $48 | Hold | Maintains | $49 → $48 | -12.09% | May 2, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $48 → $42 | Strong Sell | Maintains | $48 → $42 | -23.08% | Feb 1, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $49 → $50 | Hold | Maintains | $49 → $50 | -8.42% | Aug 17, 2023 |
| Stifel | Stifel | Hold Maintains $45 → $50 | Hold | Maintains | $45 → $50 | -8.42% | Aug 17, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $37 → $40 | Sell | Maintains | $37 → $40 | -26.74% | Aug 17, 2023 |
Financial Forecast
Revenue This Year
23.80B
from 26.54B
Decreased by -10.32%
Revenue Next Year
23.08B
from 23.80B
Decreased by -3.03%
EPS This Year
5.11
from 8.26
Decreased by -38.17%
EPS Next Year
5.06
from 5.11
Decreased by -1.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.8B | 24.9B | 25.7B |
| Avg | 23.8B | 23.1B | 24.4B |
| Low | 23.1B | 21.6B | 23.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -6.6% | 4.5% | 11.5% |
| Avg | -10.3% | -3.0% | 5.8% |
| Low | -13.1% | -9.1% | 1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.32 | 5.90 | 7.51 |
| Avg | 5.11 | 5.06 | 6.55 |
| Low | 4.95 | 4.19 | 5.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -35.6% | 15.5% | 48.5% |
| Avg | -38.2% | -1.0% | 29.7% |
| Low | -40.1% | -17.9% | 13.0% |
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.