Sectors & IndustriesTechnologyConsumer Electronics

Best Consumer Electronic Stocks to Buy Now (2022)

Top consumer electronic stocks in 2022 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:

Gopro (NASDAQ:GPRO) is the top consumer electronic stock with a Zen Score of 53, which is 22 points higher than the consumer electronic industry average of 31. It passed 17 out of 33 due diligence checks and has strong fundamentals. Gopro has seen its stock lose -48.93% over the past year, underperforming other consumer electronic stocks by -13 percentage points.

Gopro has an average 1 year price target of $11.25, an upside of 123.66% from Gopro's current stock price of $5.03.

Gopro stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Gopro, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

Sonos (NASDAQ:SONO) is the second best consumer electronic stock with a Zen Score of 53, which is 22 points higher than the consumer electronic industry average of 31. It passed 17 out of 33 due diligence checks and has strong fundamentals. Sonos has seen its stock lose -60.7% over the past year, underperforming other consumer electronic stocks by -25 percentage points.

Sonos has an average 1 year price target of $25.75, an upside of 82.11% from Sonos's current stock price of $14.14.

Sonos stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Sonos, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Hamilton Beach Brands Holding Co (NYSE:HBB) is the third best consumer electronic stock with a Zen Score of 48, which is 17 points higher than the consumer electronic industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Hamilton Beach Brands Holding Co has seen its stock lose -25.72% over the past year, overperforming other consumer electronic stocks by 10 percentage points.

Hamilton Beach Brands Holding Co has an average 1 year price target of $20.00, an upside of 68.49% from Hamilton Beach Brands Holding Co's current stock price of $11.87.

Hamilton Beach Brands Holding Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Hamilton Beach Brands Holding Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 2 consumer electronic stocks that have issued dividends in the past year, the 2 consumer electronic stocks with the highest dividend yields are:

Hamilton Beach Brands Holding Co (NYSE:HBB) has an annual dividend yield of 3.45%, which is 1 percentage points higher than the consumer electronic industry average of 2.03%. Hamilton Beach Brands Holding Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hamilton Beach Brands Holding Co's dividend has shown consistent growth over the last 10 years.

Hamilton Beach Brands Holding Co's dividend payout ratio of 18.4% indicates that its dividend yield is sustainable for the long-term.

Apple (NASDAQ:AAPL) has an annual dividend yield of 0.6%, which is -1 percentage points lower than the consumer electronic industry average of 2.03%. Apple's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Apple's dividend has shown consistent growth over the last 10 years.

Apple's dividend payout ratio of 14.6% indicates that its dividend yield is sustainable for the long-term.

Consumer electronic stocks were down -1.59% in the last day, and down -3.29% over the last week. Lg Display Co was the among the top losers in the consumer electronics industry, dropping -5.94% yesterday.

Shares of several companies in the broader tech sector are trading lower amid a rise in treasury yields as traders continue to assess Wednesday's Fed commentary and 75 bps rate hike. Rising rates decrease the present value of future cash flows, which negatively impacts growth stock valuations.

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

Sony (NYSE:SONY) is the most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Sony has a valuation score of 71, which is 33 points higher than the consumer electronic industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Sony's stock has dropped -40.75% in the past year. It has underperformed other stocks in the consumer electronic industry by -5 percentage points.

Sonos (NASDAQ:SONO) is the second most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Sonos has a valuation score of 71, which is 33 points higher than the consumer electronic industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Sonos's stock has dropped -60.7% in the past year. It has underperformed other stocks in the consumer electronic industry by -25 percentage points.

Koss (NASDAQ:KOSS) is the third most undervalued consumer electronic stock based on WallStreetZen's Valuation Score. Koss has a valuation score of 57, which is 19 points higher than the consumer electronic industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Koss's stock has dropped -64.95% in the past year. It has underperformed other stocks in the consumer electronic industry by -29 percentage points.