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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Madison Square Garden Sports (MSGS), AppLovin (APP) and Dave & Busters Entertainment (PLAY)

Tipranks - Wed Jun 17, 5:00AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Madison Square Garden Sports (MSGS), AppLovin (APP) and Dave & Busters Entertainment (PLAY).

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Madison Square Garden Sports (MSGS)

BTIG analyst Tyler DiMatteo assigned a Hold rating to Madison Square Garden Sports yesterday. The company’s shares closed last Monday at $380.00.

According to TipRanks.com, DiMatteo is a 3-star analyst with an average return of 14.0% and a 82.4% success rate. DiMatteo covers the NA sector, focusing on stocks such as Nexxen International, Sphere Entertainment, and TKO Group Holdings. ;'>

Currently, the analyst consensus on Madison Square Garden Sports is a Moderate Buy with an average price target of $423.50, which is a 10.5% upside from current levels. In a report issued on June 1, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $367.00 price target.

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AppLovin (APP)

In a report released yesterday, Jason Bazinet from Citi assigned a Buy rating to AppLovin, with a price target of $710.00. The company’s shares closed last Monday at $520.86, close to its 52-week high of $525.15.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 15.9% and a 58.1% success rate. Bazinet covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Genius Sports Limited. ;'>

Currently, the analyst consensus on AppLovin is a Strong Buy with an average price target of $663.05, implying a 30.1% upside from current levels. In a report issued on June 5, Edgewater Research also upgraded the stock to Buy.

Dave & Busters Entertainment (PLAY)

In a report released today, Dennis Geiger from UBS maintained a Hold rating on Dave & Busters Entertainment, with a price target of $12.00. The company’s shares closed last Monday at $12.32.

According to TipRanks.com, Geiger is a 3-star analyst with an average return of 1.6% and a 53.9% success rate. Geiger covers the NA sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Brinker International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dave & Busters Entertainment with a $17.50 average price target, a 35.4% upside from current levels. In a report released today, TipRanks – Anthropic also upgraded the stock to Hold with a $12.50 price target.

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