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Analysts Offer Insights on Communication Services Companies: Taboola.com (TBLA) and Crexendo (CXDO)

Tipranks - Tipranks - Thu May 7, 12:44PM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Taboola.com (TBLA) and Crexendo (CXDO) with bullish sentiments.

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Taboola.com (TBLA)

Rosenblatt Securities analyst Barton Crockett maintained a Buy rating on Taboola.com today. The company’s shares closed last Wednesday at $4.51, close to its 52-week high of $4.60.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 5.1% and a 54.1% success rate. Crockett covers the NA sector, focusing on stocks such as Emerald Expositions Events, Nexxen International, and Sirius XM Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Taboola.com with a $4.50 average price target, which is a 5.6% upside from current levels. In a report issued on April 28, TipRanks – Google also upgraded the stock to Buy with a $4.50 price target.

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Crexendo (CXDO)

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Crexendo, with a price target of $12.00. The company’s shares closed last Wednesday at $9.72.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 11.1% and a 37.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., SoundHound AI, Inc Class A, and Palantir Technologies. ;'>

Currently, the analyst consensus on Crexendo is a Strong Buy with an average price target of $10.80, which is a 21.3% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $9.00 price target.

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