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Analysts Offer Insights on Communication Services Companies: Match Group (MTCH) and Paramount Skydance (PSKY)

Tipranks - Thu May 7, 3:40AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Match Group (MTCH) and Paramount Skydance (PSKY).

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Match Group (MTCH)

Barclays analyst Ross Sandler maintained a Buy rating on Match Group today and set a price target of $51.00. The company’s shares closed last Tuesday at $37.65, close to its 52-week high of $38.84.

According to TipRanks.com, Sandler is a 5-star analyst with an average return of 16.2% and a 64.9% success rate. Sandler covers the Technology sector, focusing on stocks such as Unity Software, Duolingo, and Nerdy. ;'>

Currently, the analyst consensus on Match Group is a Moderate Buy with an average price target of $35.50, representing a -6.7% downside. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $45.00 price target.

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Paramount Skydance (PSKY)

In a report released yesterday, John Hodulik from UBS maintained a Sell rating on Paramount Skydance, with a price target of $10.00. The company’s shares closed last Tuesday at $10.66.

According to TipRanks.com, Hodulik is a 4-star analyst with an average return of 9.4% and a 59.9% success rate. Hodulik covers the NA sector, focusing on stocks such as AMC Networks, T Mobile US, and Echostar. ;'>

Paramount Skydance has an analyst consensus of Moderate Sell, with a price target consensus of $11.38, which is a 5.1% upside from current levels. In a report released yesterday, Bernstein also maintained a Sell rating on the stock with a $12.00 price target.

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