Analysts Offer Insights on Communication Services Companies: Roblox (RBLX) and Meta Platforms (META)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Roblox (RBLX) and Meta Platforms (META).
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Roblox (RBLX)
Wedbush analyst Michael Pachter maintained a Buy rating on Roblox today and set a price target of $110.00. The company’s shares closed last Wednesday at $58.27.
Pachter has an average return of
According to TipRanks.com, Pachter is ranked #11450 out of 12128 analysts.
Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $110.27, implying a 92.3% upside from current levels. In a report issued on March 17, Citi also assigned a Buy rating to the stock with a $105.00 price target.
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Meta Platforms (META)
In a report released today, Jason Helfstein from Oppenheimer reiterated a Hold rating on Meta Platforms. The company’s shares closed last Wednesday at $615.68.
According to TipRanks.com, Helfstein is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $861.02 average price target, representing a 39.7% upside. In a report issued on March 5, Arete Research also downgraded the stock to Hold with a $676.00 price target.
Read More on RBLX:
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- Roblox price target lowered to $105 from $119 at Citi
- UK Regulators Push Meta, Social Media Firms to Enforce Stricter Age Rules, Weigh Ban for Under 16s
- Game On: New Xbox CEO teases next-gen console, known as Project Helix
- Roblox is creating teen millionaires, Bloomberg says
- Cathie Wood Dumps $40M of ROKU, Pumps $14M in Amazon
