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Analysts Have Conflicting Sentiments on These Communication Services Companies: Cardlytics (CDLX) and AppLovin (APP)

Tipranks - Wed Jan 28, 9:04AM CST

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Cardlytics (CDLXResearch Report) and AppLovin (APPResearch Report).

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Cardlytics (CDLX)

Craig-Hallum analyst Jason Kreyer assigned a Hold rating to Cardlytics today. The company’s shares closed last Tuesday at $1.13.

According to TipRanks.com, Kreyer is a 4-star analyst with an average return of 10.1% and a 42.6% success rate. Kreyer covers the Technology sector, focusing on stocks such as Gloo Holdings, Inc. Class A, Zeta Global Holdings Corp, and Creative Realities. ;'>

Cardlytics has an analyst consensus of Hold, with a price target consensus of $1.67, which is a 47.8% upside from current levels. In a report issued on January 14, TipRanks – Google also upgraded the stock to Hold with a $1.00 price target.

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AppLovin (APP)

In a report released today, Omar Dessouky from Bank of America Securities maintained a Buy rating on AppLovin. The company’s shares closed last Tuesday at $547.24.

According to TipRanks.com, Dessouky is a 5-star analyst with an average return of 36.0% and a 60.5% success rate. Dessouky covers the NA sector, focusing on stocks such as Zillow Group Class A, Match Group, and Cardlytics. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $764.56, representing a 39.8% upside. In a report issued on January 14, Evercore ISI also initiated coverage with a Buy rating on the stock with a $835.00 price target.

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