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Analysts Are Bullish on These Communication Services Stocks: Roblox (RBLX), NetEase (NTES)

Tipranks - Tipranks - Tue Jun 30, 4:04AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Roblox (RBLX) and NetEase (NTES) with bullish sentiments.

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Roblox (RBLX)

Roblox received a Buy rating and a $95.00 price target from Arete Research analyst David Mak today. The company’s shares closed last Friday at $47.56.

According to TipRanks.com, Mak is ranked #9487 out of 12334 analysts.

Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $64.73, which is a 40.9% upside from current levels. In a report issued on June 18, Wedbush also maintained a Buy rating on the stock with a $65.00 price target.

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

NetEase (NTES)

In a report released today, Lincoln Kong from Goldman Sachs reiterated a Buy rating on NetEase, with a price target of $169.00. The company’s shares closed last Friday at $123.71.

According to TipRanks.com, Kong is a 1-star analyst with an average return of -3.9% and a 37.6% success rate. Kong covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, Bilibili, and Iqiyi. ;'>

Currently, the analyst consensus on NetEase is a Strong Buy with an average price target of $152.60, implying a 28.7% upside from current levels. In a report issued on June 26, Bank of America Securities also maintained a Buy rating on the stock with a $172.00 price target.

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