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Analysts Offer Insights on Communication Services Companies: Snap (SNAP), AppLovin (APP) and Electronic Arts (EA)

Tipranks - Wed Aug 5, 8:54AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Snap (SNAP), AppLovin (APP) and Electronic Arts (EA).

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Snap (SNAP)

In a report released today, Maria Ripps from Canaccord Genuity maintained a Hold rating on Snap, with a price target of $6.00. The company’s shares closed last Tuesday at $5.68.

According to TipRanks.com, Ripps is a 5-star analyst with an average return of 18.6% and a 49.5% success rate. Ripps covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Nexxen International. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Snap with a $7.50 average price target, representing a 40.7% upside. In a report released yesterday, Wolfe Research also maintained a Hold rating on the stock.

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AppLovin (APP)

Citi analyst Jason Bazinet maintained a Buy rating on AppLovin yesterday and set a price target of $710.00. The company’s shares closed last Tuesday at $414.64.

According to TipRanks.com, Bazinet is a 5-star analyst with an average return of 15.4% and a 56.5% success rate. Bazinet covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Live Nation Entertainment. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppLovin with a $668.84 average price target, implying a 62.9% upside from current levels. In a report issued on July 22, Jefferies also maintained a Buy rating on the stock with a $700.00 price target.

Electronic Arts (EA)

BMO Capital analyst Brian Pitz maintained a Hold rating on Electronic Arts today and set a price target of $210.00. The company’s shares closed last Tuesday at $209.89.

According to TipRanks.com, Pitz is a 5-star analyst with an average return of 14.0% and a 64.3% success rate. Pitz covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Alphabet Class A, and Meta Platforms. ;'>

Electronic Arts has an analyst consensus of Hold, with a price target consensus of $208.80.

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