There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Stagwell (STGW – Research Report) and Netflix (NFLX – Research Report) with bullish sentiments.
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Stagwell (STGW)
In a report released yesterday, Steven Cahall from Wells Fargo reiterated a Buy rating on Stagwell, with a price target of $9.00. The company’s shares closed last Wednesday at $6.02.
According to TipRanks.com, Cahall is a 4-star analyst with an average return of 5.3% and a 53.7% 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.
Stagwell has an analyst consensus of Moderate Buy, with a price target consensus of $8.75.
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Netflix (NFLX)
In a report released yesterday, Laurent Yoon from Bernstein maintained a Buy rating on Netflix, with a price target of $1200.00. The company’s shares closed last Wednesday at $935.52.
According to TipRanks.com, Yoon is a 3-star analyst with an average return of 3.8% and a 56.0% success rate. Yoon covers the NA sector, focusing on stocks such as Paramount Global Class B, Charter Communications, and Walt Disney.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $1109.31, representing a 20.2% upside. In a report issued on March 27, FBN Securities also initiated coverage with a Buy rating on the stock with a $1165.00 price target.
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