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Analysts Are Bullish on These Communication Services Stocks: Tencent Holdings (TCEHY), Meta Platforms (META)

Tipranks - Tipranks - Sat Apr 11, 1:45AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Tencent Holdings (TCEHY), Meta Platforms (META) and BCE (BCE) with bullish sentiments.

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Tencent Holdings (TCEHY)

Barclays analyst Jiong Shao maintained a Buy rating on Tencent Holdings today and set a price target of $102.00. The company’s shares closed last Thursday at $64.87.

According to TipRanks.com, Shao is a 4-star analyst with an average return of 6.3% and a 44.0% success rate. Shao covers the NA sector, focusing on stocks such as Trip.com Group Sponsored ADR, XPeng, Inc. ADR, and PDD Holdings. ;'>

Currently, the analyst consensus on Tencent Holdings is a Moderate Buy with an average price target of $102.00.

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Meta Platforms (META)

In a report released today, Ross Sandler from Barclays maintained a Buy rating on Meta Platforms, with a price target of $800.00. The company’s shares closed last Thursday at $628.39.

According to TipRanks.com, Sandler is a 5-star analyst with an average return of 13.8% and a 61.8% success rate. Sandler covers the Technology sector, focusing on stocks such as Uber Technologies, Unity Software, and Duolingo. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $847.70 average price target, implying a 35.2% upside from current levels. In a report issued on March 27, Evercore ISI also maintained a Buy rating on the stock with a $900.00 price target.

BCE (BCE)

In a report released yesterday, Drew Mcreynolds from RBC Capital maintained a Buy rating on BCE, with a price target of C$39.00. The company’s shares closed last Thursday at $23.89, close to its 52-week low of $21.87.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 3.3% and a 52.6% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and WildBrain. ;'>

Currently, the analyst consensus on BCE is a Moderate Buy with an average price target of $27.96, implying a 15.4% upside from current levels. In a report issued on April 8, ATB Cormark Capital Markets also maintained a Buy rating on the stock with a C$44.00 price target.

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