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Analysts Offer Insights on Communication Services Companies: IAC/InteractiveCorp. (IAC), Fox (FOXA) and Alphabet Class C (GOOG)

Tipranks - Fri Feb 6, 1:38AM CST

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on IAC/InteractiveCorp. (IACResearch Report), Fox (FOXAResearch Report) and Alphabet Class C (GOOGResearch Report).

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IAC/InteractiveCorp. (IAC)

In a report released today, Justin Patterson from KeyBanc maintained a Buy rating on IAC/InteractiveCorp.. The company’s shares closed last Wednesday at $35.69.

According to TipRanks.com, Patterson is a 4-star analyst with an average return of 9.3% and a 49.6% success rate. Patterson covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Alphabet Class A, and Meta Platforms. ;'>

Currently, the analyst consensus on IAC/InteractiveCorp. is a Strong Buy with an average price target of $47.00, which is a 27.3% upside from current levels. In a report issued on February 2, TD Cowen also maintained a Buy rating on the stock with a $60.00 price target.

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Fox (FOXA)

In a report released today, Kannan Venkateshwar from Barclays maintained a Hold rating on Fox, with a price target of $63.00. The company’s shares closed last Wednesday at $67.73.

According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of 9.2% and a 56.9% success rate. Venkateshwar covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fox with a $74.67 average price target, implying a 3.7% upside from current levels. In a report released yesterday, TipRanks – Google also downgraded the stock to Hold with a $76.00 price target.

Alphabet Class C (GOOG)

TD Cowen analyst John Blackledge maintained a Buy rating on Alphabet Class C today and set a price target of $365.00. The company’s shares closed last Wednesday at $333.34.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 13.4% and a 57.1% success rate. Blackledge covers the Technology sector, focusing on stocks such as Uber Technologies, Grindr, and Lyft. ;'>

Currently, the analyst consensus on Alphabet Class C is a Strong Buy with an average price target of $384.29, implying an 11.8% upside from current levels. In a report issued on January 22, Raymond James also upgraded the stock to Buy with a $400.00 price target.

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