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Analysts’ Top Communication Services Picks: Liberty Media Liberty Formula One (FWONK), Alphabet Class A (GOOGL)

Tipranks - Tipranks - Sat May 30, 6:36AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Liberty Media Liberty Formula One (FWONK) and Alphabet Class A (GOOGL) with bullish sentiments.

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Liberty Media Liberty Formula One (FWONK)

In a report released today, David Karnovsky from J.P. Morgan maintained a Buy rating on Liberty Media Liberty Formula One, with a price target of $111.00. The company’s shares closed last Thursday at $91.06.

According to TipRanks.com, Karnovsky is a 5-star analyst with an average return of 15.7% and a 67.0% success rate. Karnovsky covers the NA sector, focusing on stocks such as Live Nation Entertainment, Sphere Entertainment, and Sinclair Broadcast. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liberty Media Liberty Formula One with a $113.50 average price target.

See the top stocks recommended by analysts >>

Alphabet Class A (GOOGL)

In a report released today, Brian Pitz from BMO Capital maintained a Buy rating on Alphabet Class A, with a price target of $388.83. The company’s shares closed last Thursday at $390.13.

According to TipRanks.com, Pitz is a 5-star analyst with an average return of 13.4% and a 62.2% success rate. Pitz covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, DoubleVerify Holdings, and Electronic Arts. ;'>

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $427.02, representing a 10.1% upside. In a report issued on May 18, Roth MKM also maintained a Buy rating on the stock with a $435.00 price target.

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