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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Zillow Group Class A (ZG), Warner Music Group (WMG) and Taboola.com (TBLA)

Tipranks - Sat May 9, 7:41AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Zillow Group Class A (ZG), Warner Music Group (WMG) and Taboola.com (TBLA).

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Zillow Group Class A (ZG)

In a report released today, Shyam Patil from Susquehanna maintained a Hold rating on Zillow Group Class A, with a price target of $50.00. The company’s shares closed last Thursday at $44.04, close to its 52-week low of $38.06.

According to TipRanks.com, Patil is a 5-star analyst with an average return of 9.7% and a 55.1% success rate. Patil covers the Technology sector, focusing on stocks such as MNTN, Inc Class A, Tenable Holdings, and Varonis Systems. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zillow Group Class A with a $64.06 average price target, which is a 48.4% upside from current levels. In a report released yesterday, BTIG also maintained a Hold rating on the stock.

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Warner Music Group (WMG)

In a report released today, Cameron Mansson-Perrone from Morgan Stanley maintained a Buy rating on Warner Music Group, with a price target of $39.00. The company’s shares closed last Thursday at $31.04.

According to TipRanks.com, Mansson-Perrone is a 3-star analyst with an average return of 7.3% and a 74.2% success rate. Mansson-Perrone covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Live Nation Entertainment, and Sirius XM Holdings. ;'>

Currently, the analyst consensus on Warner Music Group is a Strong Buy with an average price target of $38.20, representing a 25.1% upside. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $33.00 price target.

Taboola.com (TBLA)

In a report released today, Tyler DiMatteo from BTIG maintained a Hold rating on Taboola.com. The company’s shares closed last Thursday at $5.21.

According to TipRanks.com, DiMatteo is a 3-star analyst with an average return of 7.2% and a 58.3% success rate. DiMatteo covers the NA sector, focusing on stocks such as Sphere Entertainment, Nexxen International, and TKO Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Taboola.com with a $5.25 average price target, implying a 13.9% upside from current levels. In a report issued on April 28, TipRanks – PerPlexity also downgraded the stock to Hold with a $4.00 price target.

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