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Analysts Have Conflicting Sentiments on These Communication Services Companies: fuboTV (FUBO), Snap (SNAP) and AppLovin (APP)

Tipranks - Fri May 8, 6:52AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on fuboTV (FUBO), Snap (SNAP) and AppLovin (APP).

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fuboTV (FUBO)

BTIG analyst Tyler DiMatteo maintained a Hold rating on fuboTV today. The company’s shares closed last Wednesday at $10.43.

According to TipRanks.com, DiMatteo is a 2-star analyst with an average return of 5.6% and a 63.6% success rate. DiMatteo covers the NA sector, focusing on stocks such as Sphere Entertainment, Nexxen International, and TKO Group Holdings. ;'>

Currently, the analyst consensus on fuboTV is a Strong Buy with an average price target of $17.67, a 49.0% upside from current levels. In a report issued on May 3, TipRanks – xAI also reiterated a Hold rating on the stock with a $14.00 price target.

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Snap (SNAP)

In a report released today, Brad Erickson from RBC Capital maintained a Hold rating on Snap, with a price target of $8.00. The company’s shares closed last Wednesday at $6.11.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 12.1% and a 53.0% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Snap with a $7.35 average price target, representing a 18.5% upside. In a report issued on May 1, TD Cowen also maintained a Hold rating on the stock with a $8.00 price target.

AppLovin (APP)

In a report released today, Clark Lampen from BTIG reiterated a Buy rating on AppLovin, with a price target of $640.00. The company’s shares closed last Wednesday at $468.83, close to its 52-week high of $525.15.

According to TipRanks.com, Lampen is a 5-star analyst with an average return of 21.1% and a 46.9% success rate. Lampen covers the NA sector, focusing on stocks such as Genius Sports Limited, fuboTV, and Roblox. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $643.43, implying a 34.3% upside from current levels. In a report issued on April 22, TipRanks – PerPlexity also upgraded the stock to Buy with a $523.00 price target.

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