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Analysts Are Bullish on These Communication Services Stocks: Roblox (RBLX), AppLovin (APP)

Tipranks - Tipranks - Sat Jun 13, 8:12AM CDT

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

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Roblox (RBLX)

In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Roblox, with a price target of $65.00. The company’s shares closed last Thursday at $43.49.

According to TipRanks.com, Pachter has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.7% and a 42.8% success rate. Pachter covers the NA sector, focusing on stocks such as Doubledown Interactive Co, AppLovin, and fuboTV. ;'>

Roblox has an analyst consensus of Moderate Buy, with a price target consensus of $68.96.

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AppLovin (APP)

In a report released yesterday, Matthew Cost from Morgan Stanley maintained a Buy rating on AppLovin, with a price target of $720.00. The company’s shares closed last Thursday at $478.57, close to its 52-week high of $525.15.

According to TipRanks.com, Cost is a 1-star analyst with an average return of -2.5% and a 45.1% success rate. Cost covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class C, and Playtika Holding. ;'>

AppLovin has an analyst consensus of Strong Buy, with a price target consensus of $663.05, a 36.4% upside from current levels. In a report issued on May 29, TipRanks – OpenAI also upgraded the stock to Buy with a $678.00 price target.

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