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Best Consumer Electronic Stocks to Buy Now (2024)

Top consumer electronic stocks in 2024 ranked by overall Zen Score. See the best consumer electronic stocks to buy now, according to analyst forecasts for the consumer electronics industry.

According to Zen Score, the 3 best consumer electronic stocks to buy right now are:

Axil Brands (NYSEMKT:AXIL) is the top consumer electronic stock with a Zen Score of 53, which is 29 points higher than the consumer electronic industry average of 24. It passed 17 out of 33 due diligence checks and has strong fundamentals.

Vizio Holding (NYSE:VZIO) is the second best consumer electronic stock with a Zen Score of 41, which is 17 points higher than the consumer electronic industry average of 24. It passed 13 out of 33 due diligence checks and has strong fundamentals. Vizio Holding has seen its stock return 39.53% over the past year, overperforming other consumer electronic stocks by 37 percentage points.

Vizio Holding has an average 1 year price target of $11.08, an upside of 4.66% from Vizio Holding's current stock price of $10.59.

Vizio Holding stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Vizio Holding, 0% have issued a Strong Buy rating, 16.67% have issued a Buy, 83.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Apple (NASDAQ:AAPL) is the third best consumer electronic stock with a Zen Score of 41, which is 17 points higher than the consumer electronic industry average of 24. It passed 16 out of 38 due diligence checks and has strong fundamentals. Apple has seen its stock return 10.33% over the past year, overperforming other consumer electronic stocks by 8 percentage points.

Apple has an average 1 year price target of $199.11, an upside of 4.88% from Apple's current stock price of $189.84.

Apple stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Apple, 26.32% have issued a Strong Buy rating, 21.05% have issued a Buy, 47.37% have issued a hold, while 0% have issued a Sell rating, and 5.26% have issued a Strong Sell.

Out of 1 consumer electronic stocks that have issued dividends in the past year, the 1 consumer electronic stocks with the highest dividend yields are:

Apple (NASDAQ:AAPL) has an annual dividend yield of 0.51%, which is the same as the consumer electronic industry average of 0.51%. Apple's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Apple's dividend has shown consistent growth over the last 10 years.

Apple's dividend payout ratio of 14.9% indicates that its dividend yield is sustainable for the long-term.

Consumer electronic stocks were down -0.32% in the last day, and up 2.81% over the last week. Voxx International was the among the top losers in the consumer electronics industry, dropping -11.7% yesterday.

Shares of homebuilders and household durables stocks are trading lower following worse-than-expected April Housing Starts data.

Based on WallStreetZen's Valuation Score, the 3 most undervalued consumer electronic stocks right now are:

Axil Brands (NYSEMKT:AXIL) is the most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Axil Brands has a valuation score of 71, which is 47 points higher than the consumer electronic industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Sony (NYSE:SONY) is the second most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Sony has a valuation score of 71, which is 47 points higher than the consumer electronic industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Sony's stock has dropped -11.11% in the past year. It has underperformed other stocks in the consumer electronic industry by -14 percentage points.

Emerson Radio (NYSEMKT:MSN) is the third most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Emerson Radio has a valuation score of 43, which is 19 points higher than the consumer electronic industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Emerson Radio's stock has dropped -11.8% in the past year. It has underperformed other stocks in the consumer electronic industry by -15 percentage points.