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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tue Apr 21, 8:26AM CDT

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

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Take-Two (TTWO)

In a report released today, James Heaney CFA from Jefferies reiterated a Buy rating on Take-Two, with a price target of $300.00. The company’s shares closed last Friday at $212.04, close to its 52-week high of $220.93.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 16.7% and a 40.9% success rate. CFA covers the NA sector, focusing on stocks such as Universal Music Group, Walt Disney, and Trade Desk. ;'>

Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $287.19, implying a 31.8% upside from current levels. In a report issued on April 6, Wells Fargo also maintained a Buy rating on the stock with a $293.00 price target.

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AppLovin (APP)

Piper Sandler analyst James Callahan CFA reiterated a Buy rating on AppLovin today and set a price target of $650.00. The company’s shares closed last Friday at $477.20, close to its 52-week high of $525.15.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 12.4% and a 59.1% success rate. CFA covers the Technology sector, focusing on stocks such as GoDaddy, Shopify, and Wix. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $641.81, implying a 34.1% 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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