Analysts Conflicted on These Communication Services Names: Fox (FOXA) and Roblox (RBLX)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Fox (FOXA) and Roblox (RBLX).
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Fox (FOXA)
In a report released today, Kannan Venkateshwar from Barclays maintained a Hold rating on Fox, with a price target of $60.00. The company’s shares closed last Monday at $54.76, close to its 52-week high of $58.74.
According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of
Fox has an analyst consensus of Hold, with a price target consensus of $72.80, implying a 27.8% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also downgraded the stock to Hold with a $72.00 price target.
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Roblox (RBLX)
In a report released yesterday, Jason Bazinet from Citi maintained a Buy rating on Roblox, with a price target of $70.00. The company’s shares closed last Monday at $45.66.
According to TipRanks.com, Bazinet is a 5-star analyst with an average return of
Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $68.96, which is a 56.4% upside from current levels. In a report issued on June 5, Wedbush also maintained a Buy rating on the stock with a $65.00 price target.
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