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Arrow Electronics (ARW) Stock Forecast & Price Target

$126.26
+3.67 (+2.99%)
(As of 03:08 PM ET)

Arrow Electronics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 2 Wall Street analysts who have issued ratings for Arrow Electronics in the last 12 months, the stock has a consensus rating of "Hold." Out of the 2 analysts, 2 have given a hold rating for ARW.

Consensus Price Target

$134.67
6.66% Upside
High Forecast$148.00
Average Forecast$134.67
Low Forecast$124.00

According to the 2 analysts' twelve-month price targets for Arrow Electronics, the average price target is $134.67. The highest price target for ARW is $148.00, while the lowest price target for ARW is $124.00. The average price target represents a forecasted upside of 6.66% from the current price of $126.26.

TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$134.67$134.67$136.00$126.71
Forecasted Upside6.66% Upside10.02% Upside17.04% Upside0.88% Upside
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ARW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ARW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Arrow Electronics Stock vs. The Competition

TypeArrow ElectronicsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.00
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside7.80% Upside102.19% Upside8.11% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/28/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$116.00 ➝ $132.00+0.24%
2/9/2024Truist Financial
1 of 5 stars
 Lower TargetHold ➝ Hold$128.00 ➝ $124.00+11.40%
8/6/2023Bank of America
4 of 5 stars
 Lower Target$155.00 ➝ $148.00+17.47%
2/3/2023Wells Fargo & Company
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Joseph Quatrochi
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Boost TargetUnderweight$87.00 ➝ $100.00-24.99%
2/3/2023Citigroup
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 Boost TargetNeutral$115.00 ➝ $140.00+5.64%
2/3/2023Raymond James
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 Boost TargetOutperform$125.00 ➝ $150.00+13.18%
10/10/2022Stifel Nicolaus
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 Lower TargetHold$130.00 ➝ $105.00+9.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:25 PM ET.

ARW Forecast - Frequently Asked Questions

What is Arrow Electronics' forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Arrow Electronics is $134.67, with a high forecast of $148.00 and a low forecast of $124.00.

Should I buy or sell Arrow Electronics stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.

Does Arrow Electronics's stock price have much upside?

According to analysts, Arrow Electronics's stock has a predicted upside of 10.02% based on their 12-month stock forecasts.

What analysts cover Arrow Electronics?

Arrow Electronics has been rated by research analysts at The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Arrow Electronics more than its competitors?

Analysts like Arrow Electronics less than other "computer and technology" companies. The consensus rating for Arrow Electronics is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how ARW compares to other companies.


This page (NYSE:ARW) was last updated on 7/16/2024 by MarketBeat.com Staff

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