According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best consumer electronic stocks to buy right now are:
1. Sonos (NASDAQ:SONO)
Sonos (NASDAQ:SONO) is the #1 top consumer electronic stock out of 17 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Sonos (NASDAQ:SONO) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: B.
Sonos (NASDAQ:SONO) has a Due Diligence Score of 21, which is -3 points lower than the consumer electronic industry average of 24. Although this number is below the industry average, our proven quant model rates SONO as a "A".
SONO passed 6 out of 33 due diligence checks and has weak fundamentals. Sonos has seen its stock return 61.2% over the past year, overperforming other consumer electronic stocks by 127 percentage points.
Sonos has an average 1 year
price target of $19.67, an upside of 33.34% from Sonos's current stock price of $14.75.
Sonos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Sonos, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Universal Electronics (NASDAQ:UEIC)
The Component Grade breakdown for Universal Electronics (NASDAQ:UEIC) is: Value: B, Growth: C, Momentum: C, Sentiment: A, Safety: C, Financials: C, and AI: C.
Universal Electronics (NASDAQ:UEIC) has a Due Diligence Score of 20, which is -4 points lower than the consumer electronic industry average of 24. Although this number is below the industry average, our proven quant model rates UEIC as a "B".
UEIC passed 6 out of 33 due diligence checks and has weak fundamentals. Universal Electronics has seen its stock lose -14.99% over the past year, overperforming other consumer electronic stocks by 51 percentage points.
Universal Electronics has an average 1 year
price target of $3.50, a downside of -15.46% from Universal Electronics's current stock price of $4.14.
Universal Electronics stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Universal Electronics, 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.
3. Apple (NASDAQ:AAPL)
Apple (NASDAQ:AAPL) is the #3 top consumer electronic stock out of 17 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year.
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The Component Grade breakdown for Apple (NASDAQ:AAPL) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: B.
Apple (NASDAQ:AAPL) has a Due Diligence Score of 52, which is 28 points higher than the consumer electronic industry average of 24.
AAPL passed 21 out of 38 due diligence checks and has strong fundamentals. Apple has seen its stock return 30.09% over the past year, overperforming other consumer electronic stocks by 96 percentage points.
Apple has an average 1 year
price target of $304.87, an upside of 12.47% from Apple's current stock price of $271.06.
Apple stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Apple, 47.37% have issued a Strong Buy rating, 26.32% have issued a Buy, 21.05% have issued a hold, while 0% have issued a Sell rating, and 5.26% have issued a Strong Sell.