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Analysts Offer Insights on Communication Services Companies: Alphabet Class C (GOOG) and Meta Platforms (META)

Tipranks - Tipranks - Fri Oct 16, 6:22AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Alphabet Class C (GOOG) and Meta Platforms (META) with bullish sentiments.

Alphabet Class C (GOOG)

In a report released today, Doug Anmuth from J.P. Morgan reiterated a Buy rating on Alphabet Class C, with a price target of $425.00. The company’s shares closed last Wednesday at $343.65.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 8.8% and a 55.3% success rate. Anmuth covers the NA sector, focusing on stocks such as Fiverr International, Reddit Inc Class A, and Alphabet Class A. ;'>

Alphabet Class C has an analyst consensus of Strong Buy, with a price target consensus of $432.56, representing a 23.1% upside. In a report issued on October 1, Bank of America Securities also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

Meta Platforms (META)

Citi analyst Ronald Josey maintained a Buy rating on Meta Platforms today and set a price target of $895.00. The company’s shares closed last Wednesday at $737.54, close to its 52-week high of $740.91.

According to TipRanks.com, Josey is a 4-star analyst with an average return of 5.0% and a 51.6% success rate. Josey covers the NA sector, focusing on stocks such as Fiverr International, Zillow Group Class A, and People Incorporated. ;'>

Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $830.20, representing a 9.1% upside. In a report issued on September 30, Truist Financial also maintained a Buy rating on the stock.

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