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Analysts Conflicted on These Communication Services Names: Iridium Communications (IRDM) and Alphabet Class A (GOOGL)

Tipranks - Tipranks - Wed Jul 1, 5:42AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Iridium Communications (IRDM) and Alphabet Class A (GOOGL).

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Iridium Communications (IRDM)

Morgan Stanley analyst Justin Lang CFA maintained a Hold rating on Iridium Communications yesterday and set a price target of $54.00. The company’s shares closed last Monday at $54.59.

According to TipRanks.com, CFA is ranked #9001 out of 12339 analysts.

Iridium Communications has an analyst consensus of Hold, with a price target consensus of $38.00, which is a -26.6% downside from current levels. In a report released yesterday, William Blair also downgraded the stock to Hold.

See Insiders’ Hot Stocks on TipRanks >>

Alphabet Class A (GOOGL)

Morgan Stanley analyst Brian Nowak maintained a Buy rating on Alphabet Class A yesterday and set a price target of $415.00. The company’s shares closed last Monday at $353.65.

According to TipRanks.com, Nowak is a 4-star analyst with an average return of 5.6% and a 57.2% success rate. Nowak covers the NA sector, focusing on stocks such as Reddit Inc Class A, Meta Platforms, and Criteo SA. ;'>

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $428.71, implying a 25.4% upside from current levels. In a report issued on June 15, Wells Fargo also maintained a Buy rating on the stock with a $435.00 price target.

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