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Analysts Offer Insights on Communication Services Companies: AppLovin (APP) and Alphabet Class A (GOOGL)

Tipranks - Wed Apr 15, 6:12AM CDT

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

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AppLovin (APP)

Citi analyst Jason Bazinet maintained a Buy rating on AppLovin yesterday and set a price target of $710.00. The company’s shares closed last Monday at $417.45.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 13.6% and a 57.8% success rate. Bazinet covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Liberty Media Liberty Formula One, and Madison Square Garden Sports. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $650.40, which is a 64.4% upside from current levels. In a report issued on April 8, Macquarie also initiated coverage with a Buy rating on the stock with a $710.00 price target.

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Alphabet Class A (GOOGL)

In a report released today, Ronald Josey from Citi reiterated a Buy rating on Alphabet Class A, with a price target of $405.00. The company’s shares closed last Monday at $321.31.

According to TipRanks.com, Josey is a 4-star analyst with an average return of 2.5% and a 48.7% success rate. Josey covers the NA sector, focusing on stocks such as Getty Images Holdings, IAC/InteractiveCorp., and Zillow Group Class A. ;'>

Alphabet Class A has an analyst consensus of Strong Buy, with a price target consensus of $382.32, representing a 20.6% upside. In a report issued on April 11, TipRanks – xAI also upgraded the stock to Buy with a $366.00 price target.

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