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Wall Street Analysts Are Bullish on Top Communication Services Picks

Tipranks - Tipranks - Fri Apr 24, 12:26PM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Rogers Communication (RCI), Perion Network (PERI) and Iridium Communications (IRDM) with bullish sentiments.

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Rogers Communication (RCI)

CIBC analyst Stephanie Price maintained a Buy rating on Rogers Communication today and set a price target of C$62.00. The company’s shares closed last Thursday at $37.09.

According to TipRanks.com, Price is ranked #1855 out of 12212 analysts.

Currently, the analyst consensus on Rogers Communication is a Moderate Buy with an average price target of $43.38, which is a 14.7% upside from current levels. In a report released today, TipRanks – DeepSeek also upgraded the stock to Buy with a C$58.00 price target.

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Perion Network (PERI)

In a report released today, Jason Kreyer from Craig-Hallum maintained a Buy rating on Perion Network. The company’s shares closed last Thursday at $10.25.

According to TipRanks.com, Kreyer is a 4-star analyst with an average return of 4.3% and a 39.4% success rate. Kreyer covers the Technology sector, focusing on stocks such as Gloo Holdings, Inc. Class A, Zeta Global Holdings Corp, and Creative Realities. ;'>

Perion Network has an analyst consensus of Strong Buy, with a price target consensus of $14.54.

Iridium Communications (IRDM)

In a report released today, Louie DiPalma from William Blair maintained a Buy rating on Iridium Communications. The company’s shares closed last Thursday at $39.82.

According to TipRanks.com, DiPalma is a 4-star analyst with an average return of 6.8% and a 54.1% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Science Applications, and Caci International. ;'>

Currently, the analyst consensus on Iridium Communications is a Moderate Buy with an average price target of $25.40, implying a -33.4% downside from current levels. In a report issued on April 8, Barclays also maintained a Buy rating on the stock with a $36.00 price target.

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