Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Top Communication Services Picks: Alphabet Class A (GOOGL), AppLovin (APP)

Tipranks - Tue Apr 14, 5:46AM CDT

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

Claim 30% Off TipRanks

Alphabet Class A (GOOGL)

Bank of America Securities analyst Justin Post maintained a Buy rating on Alphabet Class A today and set a price target of $370.00. The company’s shares closed last Friday at $317.24.

According to TipRanks.com, Post is a 5-star analyst with an average return of 20.8% and a 62.1% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and DoorDash. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class A with a $382.07 average price target, a 19.4% upside from current levels. In a report issued on April 1, KeyBanc also maintained a Buy rating on the stock with a $370.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

AppLovin (APP)

Bank of America Securities analyst Omar Dessouky reiterated a Buy rating on AppLovin today and set a price target of $705.00. The company’s shares closed last Friday at $391.38.

According to TipRanks.com, Dessouky is a 5-star analyst with an average return of 28.3% and a 53.0% success rate. Dessouky covers the NA sector, focusing on stocks such as Zillow Group Class A, Match Group, and Take-Two. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $650.40, implying a 73.0% upside from current levels. In a report issued on March 30, Citi also assigned a Buy rating to the stock with a $710.00 price target.

Read More on GOOGL:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.