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Analysts Offer Insights on Communication Services Companies: Baidu (BIDU) and Netflix (NFLX)

Tipranks - Thu Jul 23, 7:18AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Baidu (BIDU) and Netflix (NFLX) with bullish sentiments.

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Baidu (BIDU)

In a report released yesterday, Alex Yao from J.P. Morgan maintained a Buy rating on Baidu, with a price target of $205.00. The company’s shares closed last Tuesday at $108.22.

According to TipRanks.com, Yao is a 3-star analyst with an average return of 2.6% and a 41.6% success rate. Yao covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, AutoHome, and Weibo. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Baidu with a $162.57 average price target, a 49.1% upside from current levels. In a report issued on July 16, Bank of America Securities also maintained a Buy rating on the stock with a $165.00 price target.

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Netflix (NFLX)

J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Netflix yesterday and set a price target of $85.00. The company’s shares closed last Tuesday at $68.67.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 10.6% and a 57.9% success rate. Anmuth covers the NA sector, focusing on stocks such as Reddit Inc Class A, Alphabet Class C, and Alphabet Class A. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $96.08 average price target, implying a 42.5% upside from current levels. In a report issued on July 9, Bernstein also maintained a Buy rating on the stock with a $100.00 price target.

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