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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tipranks - Thu May 28, 7:40AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Groupon (GRPN) and News Corp (NWSA) with bullish sentiments.

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Groupon (GRPN)

In a report released today, Sean McGowan from Roth MKM maintained a Buy rating on Groupon, with a price target of $40.00. The company’s shares closed last Tuesday at $20.69.

According to TipRanks.com, McGowan is a 2-star analyst with an average return of 0.5% and a 36.4% success rate. McGowan covers the Consumer Goods sector, focusing on stocks such as GURU Organic Energy Corp, BioHarvest Sciences, and Monster Beverage. ;'>

Groupon has an analyst consensus of Moderate Buy, with a price target consensus of $26.33, representing a 39.3% upside. In a report issued on May 12, Northland Securities also reiterated a Buy rating on the stock with a $20.00 price target.

See today’s best-performing stocks on TipRanks >>

News Corp (NWSA)

J.P. Morgan analyst David Karnovsky maintained a Buy rating on News Corp today and set a price target of $36.00. The company’s shares closed last Tuesday at $26.20.

According to TipRanks.com, Karnovsky is a 5-star analyst with an average return of 15.5% and a 65.0% success rate. Karnovsky covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Live Nation Entertainment, and Sphere Entertainment. ;'>

Currently, the analyst consensus on News Corp is a Strong Buy with an average price target of $34.35, a 32.8% upside from current levels. In a report issued on May 18, TipRanks – Google also upgraded the stock to Buy with a $29.00 price target.

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