Avnet (NASDAQ:AVT) Stock Price Target Raised at Truist Financial

Posted by Geri Gentry on Nov 5th, 2026

Avnet (NASDAQ:AVT – Get Free Report) had its price objective hoisted by investment analysts at Truist Financial from $110.00 to $125.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price objective indicates a potential upside of 51.48% from the company’s current price.

Several other research firms have also recently issued reports on AVT. Wells Fargo & Company boosted their price objective on shares of Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Weiss Ratings upgraded Avnet from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Zacks Research cut Avnet from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Avnet has a consensus rating of “Moderate Buy” and an average price target of $97.00.

Read Our Latest Stock Analysis on Avnet

Avnet Price Performance

Avnet stock traded down $3.16 during mid-day trading on Thursday, reaching $82.52. 180,705 shares of the company’s stock traded hands, compared to its average volume of 1,265,780. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 0.27 and a beta of 1.11. Avnet has a 12-month low of $44.25 and a 12-month high of $108.63. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $94.75 and a two-hundred day moving average of $81.29.

Avnet (NASDAQ:AVT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.77. Avnet had a return on equity of 9.57% and a net margin of 1.21%. The company had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 81.7% on a year-over-year basis. Equities analysts forecast that Avnet will post 10.45 earnings per share for the current year.

Insider Activity at Avnet

In other news, CEO Philip R. Gallagher sold 51,900 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the transaction, the chief executive officer directly owned 168,923 shares in the company, valued at $16,632,158.58. This represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the completion of the transaction, the senior vice president owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This represents a 29.48% decrease in their position. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Avnet

A number of institutional investors have recently bought and sold shares of AVT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Avnet in the second quarter valued at about $25,000. State of Wyoming acquired a new stake in shares of Avnet during the 2nd quarter worth about $37,000. Provenance Wealth Advisors LLC acquired a new stake in Avnet in the 3rd quarter worth about $40,000. Summit Securities Group LLC increased its holdings in Avnet by 32.1% in the 1st quarter. Summit Securities Group LLC now owns 765 shares of the company’s stock valued at $47,000 after buying an additional 186 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in shares of Avnet by 38.5% during the second quarter. Elevation Wealth Partners LLC now owns 666 shares of the company’s stock worth $59,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Key Stories Impacting Avnet

Here are the key news stories impacting Avnet this week:

Positive Sentiment: For the quarter ended October 3, Avnet reported EPS of $3.63, beating the $2.86 consensus estimate, and revenue of $10.72 billion versus expectations of $9.22 billion. Revenue rose 81.7% year over year, while EPS increased from $0.84 a year earlier. Avnet tops Q1 earnings and revenue estimates
Positive Sentiment: Management’s earnings-call commentary pointed to record growth, stronger demand and a strong outlook. Avnet also initiated fiscal Q2 guidance, described in reports as optimistic—supporting expectations that momentum may continue. Avnet earnings call signals record growth and strong outlook

About Avnet

(Get Free Report)

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.