Analysts’ Opinions Are Mixed on These Communication Services Stocks: AppLovin (APP) and AMC Networks (AMCX)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on AppLovin (APP – Research Report) and AMC Networks (AMCX – Research Report).
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AppLovin (APP)
In a report released today, Matthew Cost from Morgan Stanley maintained a Buy rating on AppLovin, with a price target of $720.00. The company’s shares closed last Wednesday at $456.81, close to its 52-week high of $525.15.
According to TipRanks.com, Cost is a 1-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppLovin with a $704.73 average price target, which is a 53.5% upside from current levels. In a report issued on January 29, Jefferies also maintained a Buy rating on the stock with a $860.00 price target.
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AMC Networks (AMCX)
In a report released today, Thomas Yeh from Morgan Stanley reiterated a Sell rating on AMC Networks, with a price target of $6.00. The company’s shares closed last Wednesday at $7.50, close to its 52-week low of $6.59.
According to TipRanks.com, Yeh is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for AMC Networks with a $7.00 average price target, implying a -8.9% downside from current levels. In a report released today, UBS also maintained a Sell rating on the stock with a $6.00 price target.
