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Analysts Offer Insights on Communication Services Companies: Alphabet Class A (GOOGL) and Shutterstock (SSTK)

Tipranks - Tue May 19, 8:44AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Alphabet Class A (GOOGL) and Shutterstock (SSTK).

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Alphabet Class A (GOOGL)

In a report released today, Rohit Kulkarni from Roth MKM maintained a Buy rating on Alphabet Class A, with a price target of $435.00. The company’s shares closed last Monday at $395.75.

According to TipRanks.com, Kulkarni is a 5-star analyst with an average return of 16.4% and a 56.4% success rate. Kulkarni covers the NA sector, focusing on stocks such as Fiverr International, Reddit Inc Class A, and Meta Platforms. ;'>

Alphabet Class A has an analyst consensus of Strong Buy, with a price target consensus of $426.44, a 7.5% upside from current levels. In a report issued on May 4, J.P. Morgan also maintained a Buy rating on the stock with a $460.00 price target.

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Shutterstock (SSTK)

In a report released today, Matthew Cost from Morgan Stanley maintained a Hold rating on Shutterstock, with a price target of $16.52. The company’s shares closed last Monday at $16.39.

According to TipRanks.com, Cost is a 1-star analyst with an average return of -1.5% and a 49.1% success rate. Cost covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class C, and Playtika Holding. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Shutterstock with a $16.52 average price target, a 0.0% upside from current levels. In a report issued on May 15, TipRanks – PerPlexity also downgraded the stock to Hold with a $17.00 price target.

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