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Analysts Offer Insights on Communication Services Companies: Trade Desk (TTD) and Roblox (RBLX)

Tipranks - Fri Mar 6, 10:14AM CST

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Trade Desk (TTDResearch Report) and Roblox (RBLXResearch Report) with bullish sentiments.

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Trade Desk (TTD)

In a report released today, Tom White from D.A. Davidson maintained a Buy rating on Trade Desk. The company’s shares closed last Thursday at $29.45.

White has an average return of 7.2% when recommending Trade Desk. ;'>

According to TipRanks.com, White is ranked #10949 out of 12134 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trade Desk with a $35.59 average price target, which is a 13.0% upside from current levels. In a report issued on February 26, TipRanks – Google also upgraded the stock to Buy with a $29.00 price target.

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Roblox (RBLX)

In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Roblox, with a price target of $110.00. The company’s shares closed last Thursday at $66.10.

Pachter has an average return of 37.0% when recommending Roblox. ;'>

According to TipRanks.com, Pachter is ranked #11489 out of 12134 analysts.

Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $110.43.

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