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Analysts’ Opinions Are Mixed on These Communication Services Stocks: AppLovin (APP) and SoftBank Group (OtherSFTBF)

Tipranks - Wed Apr 1, 5:20AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on AppLovin (APP) and SoftBank Group (SFTBF).

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AppLovin (APP)

Evercore ISI analyst Robert Coolbrith reiterated a Buy rating on AppLovin today and set a price target of $750.00. The company’s shares closed last Monday at $372.08.

According to TipRanks.com, Coolbrith ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.3% and a 38.5% success rate. Coolbrith covers the NA sector, focusing on stocks such as Match Group, Ziff Davis, and Cardlytics. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $659.15, which is a 73.1% upside from current levels. In a report issued on March 17, TipRanks – xAI also upgraded the stock to Buy with a $501.00 price target.

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SoftBank Group (SFTBF)

In a report released today, Krish Sankar from TD Cowen initiated coverage with a Hold rating on SoftBank Group and a price target of Yen4000.00. The company’s shares closed last Monday at $24.52.

According to TipRanks.com, Sankar is a top 100 analyst with an average return of 39.1% and a 63.5% success rate. Sankar covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Ultra Clean Holdings, and SkyWater Technology. ;'>

Currently, the analyst consensus on SoftBank Group is a Hold with an average price target of $30.12, implying a 35.1% upside from current levels. In a report issued on March 16, TipRanks – xAI also reiterated a Hold rating on the stock with a Yen3828.00 price target.

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