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Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and AppLovin (APP)

Tipranks - Fri Apr 10, 7:16AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META) and AppLovin (APP) with bullish sentiments.

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Meta Platforms (META)

In a report released yesterday, Doug Anmuth from J.P. Morgan reiterated a Buy rating on Meta Platforms, with a price target of $825.00. The company’s shares closed last Wednesday at $612.42.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 15.3% and a 57.3% success rate. Anmuth covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Fiverr International, and Reddit Inc Class A. ;'>

Meta Platforms has an analyst consensus of Strong Buy, with a price target consensus of $847.70, a 39.9% upside from current levels. In a report issued on March 25, Bank of America Securities also maintained a Buy rating on the stock with a $885.00 price target.

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AppLovin (APP)

Morgan Stanley analyst Matthew Cost maintained a Buy rating on AppLovin today and set a price target of $720.00. The company’s shares closed last Wednesday at $391.20.

According to TipRanks.com, Cost is a 1-star analyst with an average return of -4.6% and a 43.4% success rate. Cost covers the NA sector, focusing on stocks such as Zillow Group Class C, Playtika Holding, and Trade Desk. ;'>

AppLovin has an analyst consensus of Strong Buy, with a price target consensus of $650.40, which is a 47.7% upside from current levels. In a report released yesterday, Macquarie also initiated coverage with a Buy rating on the stock with a $710.00 price target.

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