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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Cogeco Communications (OtherCGEAF) and Roblox (RBLX)

Tipranks - Tipranks - Tue Apr 14, 6:50AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Cogeco Communications (CGEAF) and Roblox (RBLX).

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Cogeco Communications (CGEAF)

In a report released yesterday, Drew Mcreynolds from RBC Capital maintained a Hold rating on Cogeco Communications, with a price target of C$74.00. The company’s shares closed last Thursday at $48.20.

According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of 3.3% and a 52.6% success rate. Mcreynolds covers the NA sector, focusing on stocks such as Rogers Communication, WildBrain, and Cineplex. ;'>

Cogeco Communications has an analyst consensus of Moderate Buy, with a price target consensus of $54.20, a 12.4% upside from current levels. In a report issued on April 7, Desjardins also maintained a Hold rating on the stock with a C$71.00 price target.

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Roblox (RBLX)

BTIG analyst Clark Lampen reiterated a Buy rating on Roblox today and set a price target of $122.00. The company’s shares closed last Friday at $55.59.

According to TipRanks.com, Lampen is a 5-star analyst with an average return of 22.3% and a 45.6% success rate. Lampen covers the NA sector, focusing on stocks such as Genius Sports Limited, AppLovin, and fuboTV. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $107.86 average price target, a 95.3% upside from current levels. In a report issued on March 30, Citi also maintained a Buy rating on the stock with a $90.00 price target.

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