Analysts Offer Insights on Communication Services Companies: Cars (CARS) and Iqiyi (IQ)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Cars (CARS) and Iqiyi (IQ).
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Cars (CARS)
In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars, with a price target of $17.50. The company’s shares closed last Thursday at $9.66.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of
Currently, the analyst consensus on Cars is a Moderate Buy with an average price target of $13.50, implying a 40.8% upside from current levels. In a report issued on May 9, TipRanks – PerPlexity also upgraded the stock to Buy with a $13.00 price target.
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Iqiyi (IQ)
In a report released today, Lincoln Kong from Goldman Sachs maintained a Hold rating on Iqiyi, with a price target of $1.60. The company’s shares closed last Thursday at $1.11.
According to TipRanks.com, Kong is ranked #8590 out of 12252 analysts.
Iqiyi has an analyst consensus of Moderate Buy, with a price target consensus of $1.56, a 41.8% upside from current levels. In a report issued on May 19, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $1.00 price target.
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