There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Alphabet Class A (GOOGL – Research Report), Fox (FOXA – Research Report) and Meta Platforms (META – Research Report) with bullish sentiments.
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Alphabet Class A (GOOGL)
In a report released today, Ronald Josey from Citi maintained a Buy rating on Alphabet Class A, with a price target of $195.00. The company’s shares closed last Wednesday at $153.33, close to its 52-week low of $147.22.
According to TipRanks.com, Josey is a top 100 analyst with an average return of 22.1% and a 54.8% success rate. Josey covers the NA sector, focusing on stocks such as Getty Images Holdings, Zillow Group Class A, and Fiverr International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alphabet Class A with a $199.73 average price target, implying a 30.5% upside from current levels. In a report issued on April 3, RBC Capital also maintained a Buy rating on the stock with a $200.00 price target.
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Fox (FOXA)
In a report released yesterday, Steven Cahall from Wells Fargo maintained a Buy rating on Fox, with a price target of $58.00. The company’s shares closed last Wednesday at $48.26.
According to TipRanks.com, Cahall is a 4-star analyst with an average return of 4.8% and a 51.3% success rate. Cahall covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Interpublic Group of Companies, and E. W. Scripps Company Class A.
Currently, the analyst consensus on Fox is a Moderate Buy with an average price target of $56.53, implying a 13.4% upside from current levels. In a report issued on April 7, CFRA also upgraded the stock to Buy with a $57.00 price target.
Meta Platforms (META)
Morgan Stanley analyst Brian Nowak maintained a Buy rating on Meta Platforms today and set a price target of $615.00. The company’s shares closed last Wednesday at $502.31.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 5.1% and a 58.2% success rate. Nowak covers the NA sector, focusing on stocks such as Alphabet Class A, Pinterest, and DoorDash.
Meta Platforms has an analyst consensus of Strong Buy, with a price target consensus of $717.60, which is a 41.1% upside from current levels. In a report issued on April 2, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $790.00 price target.
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