There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Snap (SNAP – Research Report) and Meta Platforms (META – Research Report) with bullish sentiments.
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Snap (SNAP)
Wells Fargo analyst Ken Gawrelski assigned a Buy rating to Snap yesterday and set a price target of $15.00. The company’s shares closed last Friday at $12.47.
According to TipRanks.com, Gawrelski is a 4-star analyst with an average return of 12.4% and a 64.2% success rate. Gawrelski covers the NA sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Match Group.
Snap has an analyst consensus of Hold, with a price target consensus of $13.65, a 13.8% upside from current levels. In a report issued on January 3, JMP Securities also reiterated a Buy rating on the stock with a $16.00 price target.
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Meta Platforms (META)
TD Cowen analyst John Blackledge maintained a Buy rating on Meta Platforms today and set a price target of $690.00. The company’s shares closed last Friday at $615.86, close to its 52-week high of $638.40.
According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 11.6% and a 57.2% success rate. Blackledge covers the NA sector, focusing on stocks such as IAC/InteractiveCorp., Alphabet Class C, and Match Group.
Meta Platforms has an analyst consensus of Strong Buy, with a price target consensus of $686.88, representing a 12.6% upside. In a report issued on December 30, Monness also maintained a Buy rating on the stock with a $660.00 price target.
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