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Analysts Are Bullish on These Communication Services Stocks: Meta Platforms (META), Fox (FOXA)

Tipranks - Tipranks - Tue Mar 24, 7:02AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Meta Platforms (META), Fox (FOXA) and ACCESS Newswire (ACCS) with bullish sentiments.

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Meta Platforms (META)

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Meta Platforms yesterday and set a price target of $835.00. The company’s shares closed last Friday at $593.66.

According to TipRanks.com, Sheridan is a 3-star analyst with an average return of 1.9% and a 45.0% success rate. Sheridan covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Fiverr International, and Reddit Inc Class A. ;'>

Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $861.02, which is a 42.7% upside from current levels. In a report issued on March 9, J.P. Morgan also maintained a Buy rating on the stock with a $825.00 price target.

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Fox (FOXA)

In a report released today, Mike Ng from Goldman Sachs maintained a Buy rating on Fox, with a price target of $75.00. The company’s shares closed last Friday at $57.82, close to its 52-week high of $58.74.

According to TipRanks.com, Ng is a 5-star analyst with an average return of 10.6% and a 54.7% success rate. Ng covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Zillow Group Class A. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fox with a $70.15 average price target, implying a 21.7% upside from current levels. In a report issued on March 11, TipRanks – PerPlexity also upgraded the stock to Buy with a $67.00 price target.

ACCESS Newswire (ACCS)

In a report issued on March 20, Michael Grondahl from Northland Securities maintained a Buy rating on ACCESS Newswire, with a price target of $13.00. The company’s shares closed last Friday at $7.34.

According to TipRanks.com, Grondahl is a 4-star analyst with an average return of 5.8% and a 39.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as HIVE Digital Technologies, Abacus Global Management, and Medallion Financial. ;'>

Currently, the analyst consensus on ACCESS Newswire is a Moderate Buy with an average price target of $13.50, which is a 101.5% upside from current levels. In a report issued on March 20, Lake Street also reiterated a Buy rating on the stock with a $14.00 price target.

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