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Analysts Have Conflicting Sentiments on These Communication Services Companies: Reddit Inc Class A (RDDT) and Roblox (RBLX)

Tipranks - Tipranks - Sat May 23, 9:32AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Reddit Inc Class A (RDDT) and Roblox (RBLX).

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Reddit Inc Class A (RDDT)

In a report released today, Laura Martin from Needham maintained a Buy rating on Reddit Inc Class A, with a price target of $300.00. The company’s shares closed last Friday at $142.80.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 10.1% and a 50.8% success rate. Martin covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Nexxen International, and Paramount Skydance. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reddit Inc Class A with a $216.55 average price target, implying a 49.1% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $178.00 price target.

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Roblox (RBLX)

D.A. Davidson analyst Wyatt Swanson maintained a Hold rating on Roblox today. The company’s shares closed last Friday at $46.99.

According to TipRanks.com, Swanson is ranked #4367 out of 12258 analysts.

Roblox has an analyst consensus of Moderate Buy, with a price target consensus of $68.96, which is a 48.7% upside from current levels. In a report issued on May 10, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $41.00 price target.

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