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Analysts Are Bullish on Top Communication Services Stocks: AT&T (T), Alphabet Class A (GOOGL)

Tipranks - Fri Apr 24, 4:42AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on AT&T (T), Alphabet Class A (GOOGL) and T Mobile US (TMUS) with bullish sentiments.

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AT&T (T)

In a report released yesterday, Michael Funk from Bank of America Securities reiterated a Buy rating on AT&T, with a price target of $34.00. The company’s shares closed last Wednesday at $25.98.

According to TipRanks.com, Funk is ranked #11826 out of 12212 analysts.

Currently, the analyst consensus on AT&T is a Moderate Buy with an average price target of $30.65, implying a 21.9% upside from current levels. In a report issued on April 16, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $30.00 price target.

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Alphabet Class A (GOOGL)

In a report released yesterday, Justin Post from Bank of America Securities reiterated a Buy rating on Alphabet Class A, with a price target of $370.00. The company’s shares closed last Wednesday at $339.32.

According to TipRanks.com, Post is a 5-star analyst with an average return of 22.5% and a 66.6% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and DoorDash. ;'>

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $387.68, implying a 15.0% upside from current levels. In a report issued on April 11, TipRanks – xAI also upgraded the stock to Buy with a $366.00 price target.

T Mobile US (TMUS)

In a report released today, Sebastiano Petti from J.P. Morgan maintained a Buy rating on T Mobile US, with a price target of $300.00. The company’s shares closed last Wednesday at $188.92.

According to TipRanks.com, Petti is a 4-star analyst with an average return of 6.7% and a 58.1% success rate. Petti covers the NA sector, focusing on stocks such as Rogers Communication, Lumen Technologies, and Sirius XM Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for T Mobile US with a $258.13 average price target, representing a 33.9% upside. In a report issued on April 16, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $260.00 price target.

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