Avnet (NASDAQ:AVT) Upgraded by Truist Financial to Buy Rating

Key Points

• Truist Financial upgraded Avnet from "hold" to a buy rating with an $80 price target, implying about a 19.35% upside from the prior close.
• Analyst views remain mixed—MarketBeat shows an average rating of "Reduce" and an average target price of $59.33, reflecting divergence among brokers.
• Avnet beat quarterly expectations (EPS $1.05 vs. $0.95 est.; revenue $6.32B vs. $6.03B), reported 11.6% revenue growth year-over-year, and set Q3 2026 guidance of $1.20–$1.30 EPS.

Avnet (NASDAQ:AVT - Get Free Report) was upgraded by investment analysts at Truist Financial from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday,Finviz reports. The firm presently has a $80.00 target price on the stock. Truist Financial's target price would indicate a potential upside of 19.35% from the stock's previous close.

A number of other analysts have also commented on AVT. Wall Street Zen upgraded Avnet from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. Weiss Ratings lowered Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. Finally, Wells Fargo & Company lifted their price target on Avnet from $43.00 to $48.00 and gave the stock an "underweight" rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Avnet has an average rating of "Reduce" and an average target price of $59.33.

Avnet Price Performance

Shares of NASDAQ:AVT opened at $67.03 on Monday. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 0.50 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Avnet has a 12-month low of $43.89 and a 12-month high of $68.29. The business's 50 day moving average is $63.33 and its 200 day moving average is $54.61.

Avnet (NASDAQ:AVT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.10. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.Avnet's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, sell-side analysts forecast that Avnet will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of Avnet

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Avnet by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 8,778 shares of the company's stock valued at $422,000 after buying an additional 184 shares during the period. GAMMA Investing LLC raised its stake in shares of Avnet by 6.9% in the third quarter. GAMMA Investing LLC now owns 2,984 shares of the company's stock valued at $156,000 after buying an additional 192 shares during the period. World Investment Advisors raised its stake in shares of Avnet by 2.3% in the fourth quarter. World Investment Advisors now owns 9,873 shares of the company's stock valued at $471,000 after buying an additional 219 shares during the period. Deutsche Bank AG raised its stake in shares of Avnet by 0.8% in the fourth quarter. Deutsche Bank AG now owns 31,122 shares of the company's stock valued at $1,496,000 after buying an additional 234 shares during the period. Finally, MAI Capital Management raised its stake in shares of Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company's stock valued at $35,000 after buying an additional 235 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Avnet Company Profile

Avnet, Inc NASDAQ: AVT is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet's offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.

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