
Avnet (AVT) Stock Forecast & Price Target
Avnet (AVT) Analyst Ratings
Bulls say
Avnet Inc. demonstrated a robust quarter-over-quarter improvement in its book/bill ratio, maintaining a positive trend across all regions, with notable growth in Asia (11%), Americas (5%), and EMEA (3%). The company reported significant sequential growth driven by sectors such as compute and aeronautics/defense, alongside continued momentum in data center and artificial intelligence applications, while the communications and transportation end markets exhibited year-over-year growth. Furthermore, despite an unexpected increase in inventory levels, Avnet anticipates continued sales growth in the Americas and EMEA, signaling a cyclical recovery with a strengthening regional mix.
Bears say
Avnet Inc. faces a negative outlook due to several fundamental issues impacting its financial performance. First, the company is experiencing a geographic mix shift that favors lower-margin operations in Asia, leading to significant declines in both cash flows and profitability metrics in recent quarters. Additionally, the guidance for operating profit margins in CQ4 is below consensus expectations, reflecting a challenging revenue-to-margin conversion and continuing sluggish performance in the Americas and Europe.
This aggregate rating is based on analysts' research of Avnet and is not a guaranteed prediction by Public.com or investment advice.
Avnet (AVT) Analyst Forecast & Price Prediction
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