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Analysts Offer Insights on Communication Services Companies: Roku (ROKU), Roblox (RBLX) and Comcast (CMCSA)

Tipranks - Sat Jun 6, 11:56AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Roku (ROKU), Roblox (RBLX) and Comcast (CMCSA).

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Roku (ROKU)

Piper Sandler analyst Thomas Champion reiterated a Buy rating on Roku today and set a price target of $148.00. The company’s shares closed last Friday at $122.64.

According to TipRanks.com, Champion is a 4-star analyst with an average return of 6.3% and a 50.2% success rate. Champion covers the NA sector, focusing on stocks such as IAC/InteractiveCorp., Zillow Group Class A, and Reddit Inc Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Roku with a $151.21 average price target, representing a 21.7% upside. In a report released yesterday, Morgan Stanley also reiterated a Buy rating on the stock with a $170.00 price target.

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Roblox (RBLX)

In a report released today, Omar Dessouky from Bank of America Securities maintained a Hold rating on Roblox, with a price target of $48.00. The company’s shares closed last Friday at $41.57.

According to TipRanks.com, Dessouky is a 5-star analyst with an average return of 29.0% and a 55.6% success rate. Dessouky covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and AppLovin. ;'>

Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $68.96, implying a 59.4% upside from current levels. In a report issued on May 22, D.A. Davidson also maintained a Hold rating on the stock.

Comcast (CMCSA)

In a report released today, Barton Crockett from Rosenblatt Securities maintained a Hold rating on Comcast, with a price target of $24.00. The company’s shares closed last Friday at $23.59.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 5.8% and a 55.2% success rate. Crockett covers the NA sector, focusing on stocks such as Emerald Expositions Events, Sirius XM Holdings, and Alphabet Class A. ;'>

Comcast has an analyst consensus of Moderate Buy, with a price target consensus of $32.79, implying a 40.1% upside from current levels. In a report issued on May 28, TipRanks – PerPlexity also downgraded the stock to Hold with a $27.00 price target.

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