Arrow Electronics Named to Fortune's Most Admired Companies List for 26th Time
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Honor Recognition: Arrow Electronics has been named to Fortune's World's Most Admired Companies list for the 26th time, ranking among the top in the 'Wholesalers: Electronics and Office Equipment' category, highlighting its leadership and brand influence in the industry.
- Financial Soundness: The company was recognized for its high performance in financial soundness and product/service quality, further solidifying its competitive advantage in the global market.
- Executive Feedback: The list is based on input from thousands of executives, directors, and members of the financial community, reflecting Arrow's strong reputation and trust within the industry.
- Sales Performance: Arrow Electronics anticipates global sales of $28 billion in 2024, indicating robust growth potential and market demand for its technology solutions.
Analyst Views on ARW
Wall Street analysts forecast ARW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARW is 107.00 USD with a low forecast of 94.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 113.370
Low
94.00
Averages
107.00
High
120.00
Current: 113.370
Low
94.00
Averages
107.00
High
120.00
About ARW
Arrow Electronics, Inc. sources and engineers’ technology for thousands of manufacturers, service providers, and users of enterprise computing solutions. Its segments include global components and global ECS. It distributes electronic components to original equipment manufacturers and equipment manufacturers providers through its global components segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS reportable segment. The global ECS portfolio includes datacenter, cloud, security, and analytics solutions. Global ECS further supports customers by enabling their software and cloud solutions businesses through ArrowSphere, a software and cloud marketplace and management platform. It maintains over 140 sales facilities and 36 distribution and value-added centers, serving over 85 countries. It has operations in each of the three electronics markets, including the Americas, the EMEA and the Asia/Pacific regions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
