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Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and BCE (BCE)

Tipranks - Tipranks - Thu May 28, 10:36AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META) and BCE (BCE) with bullish sentiments.

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Meta Platforms (META)

In a report released today, Justin Post from Bank of America Securities maintained a Buy rating on Meta Platforms. The company’s shares closed last Wednesday at $613.40.

According to TipRanks.com, Post is a 5-star analyst with an average return of 21.5% and a 62.7% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, DoorDash, and Expedia. ;'>

Meta Platforms has an analyst consensus of Strong Buy, with a price target consensus of $817.19, representing a 34.1% upside. In a report issued on May 17, Morgan Stanley also maintained a Buy rating on the stock with a $775.00 price target.

See the top stocks recommended by analysts >>

BCE (BCE)

In a report released today, Stephanie Price from CIBC maintained a Buy rating on BCE, with a price target of C$37.00. The company’s shares closed last Wednesday at $25.17.

According to TipRanks.com, Price is a 4-star analyst with an average return of 7.5% and a 54.6% success rate. Price covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Open Text, and CGI. ;'>

BCE has an analyst consensus of Moderate Buy, with a price target consensus of $27.90, which is a 12.6% upside from current levels. In a report issued on May 18, RBC Capital also maintained a Buy rating on the stock with a C$39.00 price target.

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