Wells Fargo & Company Forecasts Strong Price Appreciation for Avnet (NASDAQ:AVT) Stock

Posted by Brian Himes on Nov 7th, 2026

Avnet (NASDAQ:AVT – Get Free Report) had its price objective upped by equities researchers at Wells Fargo & Company from $80.00 to $85.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 7.21% from the stock’s current price.

AVT has been the subject of several other reports. Weiss Ratings raised Avnet from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Truist Financial increased their target price on Avnet from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research lowered Avnet from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Avnet currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.25.

Read Our Latest Report on AVT

Avnet Stock Up 3.5%

AVT stock traded up $2.65 during mid-day trading on Thursday, hitting $79.28. 1,722,682 shares of the company were exchanged, compared to its average volume of 1,260,999. The firm has a fifty day simple moving average of $94.24 and a 200 day simple moving average of $81.57. The company has a market capitalization of $6.52 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.26 and a beta of 1.11. Avnet has a twelve month low of $44.25 and a twelve month high of $108.63. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Avnet (NASDAQ:AVT – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.77. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 81.7% on a year-over-year basis. On average, research analysts forecast that Avnet will post 10.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Philip R. Gallagher sold 51,900 shares of the business’s 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 completion of the sale, the chief executive officer owned 168,923 shares of the company’s stock, valued at $16,632,158.58. This represents a 23.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Ryan Mccoy sold 32,052 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the sale, the senior vice president owned 76,674 shares in the company, valued at approximately $6,985,001.40. This trade represents a 29.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Avnet

Several institutional investors have recently made changes to their positions in AVT. BlackRock Inc. acquired a new stake in shares of Avnet during the 2nd quarter worth approximately $916,146,000. Pzena Investment Management LLC bought a new position in Avnet during the 2nd quarter worth $277,153,000. Bank of America Corp DE bought a new position in Avnet during the 2nd quarter worth $91,844,000. Bank of New York Mellon Corp bought a new position in Avnet during the 2nd quarter worth $74,897,000. Finally, Wishbone Management LP acquired a new stake in Avnet in the second quarter worth $58,177,100. 95.78% of the stock is owned by institutional investors.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

Positive Sentiment: Avnet’s fiscal Q1 results reportedly beat expectations, with record sales, broad-based component demand and margin gains. Higher memory pricing and upbeat Q2 guidance also point to continued near-term momentum, though tighter supply and increased working-capital needs are considerations. Article: Avnet Q1 Earnings Beat Estimates on Record Sales & Strong Demand
Positive Sentiment: Truist raised its price target to $125 from $110 and maintained a Buy rating, signaling confidence in Avnet’s potential. Article: Truist Financial price-target update
Neutral Sentiment: Wells Fargo raised its target to $85 from $80 but kept an Underweight rating, reflecting a more cautious view despite the higher target. Article: Avnet Given New $85 Price Target at Wells Fargo
Negative Sentiment: A shareholder revolt is targeting two directors after Avnet’s $550 million debt deal. The challenge could raise concerns about governance and the company’s financing decisions. Article: Avnet Shareholder Revolt Targets Two Directors After $550 Million Debt Deal

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.