Analysts Offer Insights on Communication Services Companies: Reddit Inc Class A (RDDT) and Fox (FOXA)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Reddit Inc Class A (RDDT – Research Report) and Fox (FOXA – Research Report).
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Reddit Inc Class A (RDDT)
Guggenheim analyst Michael Morris maintained a Buy rating on Reddit Inc Class A today and set a price target of $245.00. The company’s shares closed last Thursday at $214.54, close to its 52-week high of $230.41.
According to TipRanks.com, Morris is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reddit Inc Class A with a $264.73 average price target, a 23.7% upside from current levels. In a report issued on January 13, Evercore ISI also initiated coverage with a Buy rating on the stock with a $320.00 price target.
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Fox (FOXA)
Bernstein analyst Laurent Yoon maintained a Hold rating on Fox today and set a price target of $68.00. The company’s shares closed last Thursday at $72.33.
According to TipRanks.com, Yoon is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fox with a $75.29 average price target, which is a 3.1% upside from current levels. In a report issued on January 20, Barclays also maintained a Hold rating on the stock with a $64.00 price target.
