Truist Financial Forecasts Strong Price Appreciation for Avnet (NASDAQ:AVT) Stock

Avnet (NASDAQ:AVT) had its price objective boosted by stock analysts at Truist Financial from $55.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 6.48% from the stock’s previous close.

AVT has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Zacks Research raised shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company upped their target price on shares of Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $54.33.

Avnet Stock Up 1.8%

Shares of Avnet stock traded up $1.08 during trading on Thursday, hitting $61.04. The company’s stock had a trading volume of 715,642 shares, compared to its average volume of 1,149,853. Avnet has a 52 week low of $39.22 and a 52 week high of $61.80. The company has a market capitalization of $4.96 billion, a PE ratio of 22.78, a P/E/G ratio of 0.41 and a beta of 0.92. The company has a fifty day simple moving average of $49.38 and a two-hundred day simple moving average of $51.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.12 and a current ratio of 2.36.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a net margin of 1.04% and a return on equity of 5.91%. The business had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Equities research analysts predict that Avnet will post 3.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Avnet by 3.0% in the first quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock valued at $3,447,000 after acquiring an additional 2,101 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Avnet by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after acquiring an additional 31,919 shares during the last quarter. United Services Automobile Association purchased a new position in Avnet during the first quarter valued at $267,000. Empowered Funds LLC increased its holdings in shares of Avnet by 9.3% in the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after purchasing an additional 696 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Avnet by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock worth $17,012,000 after acquiring an additional 16,443 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Company beat on both earnings and revenue, producing a clean quarter that exceeded Street estimates — a primary catalyst for the rally. Avnet Stock Rallies 14% as Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised Q3 revenue guidance well above consensus ($6.2B–$6.5B vs. ~$5.8B) and provided EPS guidance (1.20–1.30) that supports continued profit growth, which materially improves near-term revenue visibility. Avnet signals 2026 growth and margin expansion as Asia sales top $3B and Q3 guidance targets up to $6.5B
• Positive Sentiment: Geographic and end-market strength: management highlighted Asia sales topping $3B and signaled 2026 growth and margin expansion — a structural signal that revenue mix is improving. Avnet signals 2026 growth and margin expansion as Asia sales top $3B and Q3 guidance targets up to $6.5B
• Neutral Sentiment: Earnings call materials and transcripts are available for detail — useful for investors wanting color on backlog, channel dynamics, and margin drivers. Avnet, Inc. (AVT) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Profitability still modest: trailing net margin (~1.0%) and ROE remain low, so while top-line momentum is improving, margin expansion must continue for a sustained re-rating. Avnet (AVT) Reports Q2 Earnings: What Key Metrics Have to Say
• Neutral Sentiment: Reported short-interest data in public feeds looks inconsistent (zeros/NaN), so do not rely on those flagged figures for positioning or squeeze narratives. (No reliable article link available.)

Avnet Company Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.