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Analysts Offer Insights on Communication Services Companies: Nebius Group (NBIS) and Roku (ROKU)

Tipranks - Thu Apr 2, 9:38AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Nebius Group (NBIS) and Roku (ROKU) with bullish sentiments.

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Nebius Group (NBIS)

In a report released today, Alexander Duval from Goldman Sachs reiterated a Buy rating on Nebius Group, with a price target of $160.00. The company’s shares closed last Wednesday at $106.48.

Duval has an average return of 32.7% when recommending Nebius Group. ;'>

According to TipRanks.com, Duval is ranked #1403 out of 12128 analysts.

Currently, the analyst consensus on Nebius Group is a Strong Buy with an average price target of $166.11, representing a 56.8% upside. In a report issued on March 17, Citi also initiated coverage with a Buy rating on the stock with a $169.00 price target.

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Roku (ROKU)

In a report released today, Justin Patterson from KeyBanc maintained a Buy rating on Roku, with a price target of $130.00. The company’s shares closed last Wednesday at $95.95, close to its 52-week high of $104.96.

According to TipRanks.com, Patterson is a 4-star analyst with an average return of 6.5% and a 45.7% success rate. Patterson covers the NA sector, focusing on stocks such as IAC/InteractiveCorp., Zillow Group Class A, and Alphabet Class A. ;'>

Roku has an analyst consensus of Strong Buy, with a price target consensus of $129.84, which is a 35.2% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $135.00 price target.

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