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Analysts Are Bullish on These Communication Services Stocks: Nexxen International (NEXN), Tencent Holdings (TCTZF)

Tipranks - Thu May 14, 12:44PM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Nexxen International (NEXN) and Tencent Holdings (TCTZF) with bullish sentiments.

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Nexxen International (NEXN)

In a report released today, Laura Martin from Needham assigned a Buy rating to Nexxen International, with a price target of $8.50. The company’s shares closed last Wednesday at $7.24, close to its 52-week low of $6.93.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 10.0% and a 50.8% success rate. Martin covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Paramount Skydance, and Reddit Inc Class A. ;'>

Nexxen International has an analyst consensus of Strong Buy, with a price target consensus of $9.70.

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Tencent Holdings (TCTZF)

DBS analyst Andy Yu CFA maintained a Buy rating on Tencent Holdings today and set a price target of HK$770.00. The company’s shares closed last Wednesday at $59.84.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 3.5% and a 46.6% success rate. CFA covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, Zoom Video Communications, and Salesforce. ;'>

Tencent Holdings has an analyst consensus of Strong Buy, with a price target consensus of $91.64.

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