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Analysts Offer Insights on Communication Services Companies: Liberty Media Liberty Formula One (FWONK) and Perion Network (PERI)

Tipranks - Thu Jan 22, 6:08AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Liberty Media Liberty Formula One (FWONKResearch Report) and Perion Network (PERIResearch Report).

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Liberty Media Liberty Formula One (FWONK)

J.P. Morgan analyst David Karnovsky maintained a Buy rating on Liberty Media Liberty Formula One today and set a price target of $122.00. The company’s shares closed last Tuesday at $89.17.

According to TipRanks.com, Karnovsky is a 5-star analyst with an average return of 14.6% and a 67.6% success rate. Karnovsky covers the NA sector, focusing on stocks such as Madison Square Garden Sports, Live Nation Entertainment, and Starz Entertainment Corp. ;'>

Liberty Media Liberty Formula One has an analyst consensus of Moderate Buy, with a price target consensus of $116.50, representing a 31.2% upside. In a report issued on January 15, Susquehanna also maintained a Buy rating on the stock with a $120.00 price target.

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Perion Network (PERI)

Needham analyst Laura Martin maintained a Hold rating on Perion Network today. The company’s shares closed last Tuesday at $9.20, close to its 52-week low of $7.47.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 9.5% and a 51.5% success rate. Martin covers the NA sector, focusing on stocks such as Nexxen International, Reddit Inc Class A, and Paramount Skydance. ;'>

Perion Network has an analyst consensus of Strong Buy, with a price target consensus of $14.75.

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