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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tipranks - Tue Jun 2, 4:28AM CDT

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

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Match Group (MTCH)

In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Match Group. The company’s shares closed last Friday at $36.13.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 10.8% and a 52.9% success rate. Blackledge covers the Technology sector, focusing on stocks such as Uber Technologies, Grindr, and Lyft. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Match Group with a $40.33 average price target.

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Meta Platforms (META)

RBC Capital analyst Brad Erickson maintained a Buy rating on Meta Platforms today and set a price target of $810.00. The company’s shares closed last Friday at $632.51.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 6.9% and a 50.6% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $818.60 average price target, a 29.2% upside from current levels. In a report issued on May 17, Morgan Stanley also maintained a Buy rating on the stock with a $775.00 price target.

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