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Analysts Offer Insights on Communication Services Companies: Liftoff Mobile, Inc. (LFTO) and Tencent Holdings (OtherTCEHY)

Tipranks - Tipranks - Fri Aug 14, 3:36AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Liftoff Mobile, Inc. (LFTO) and Tencent Holdings (TCEHY) with bullish sentiments.

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Liftoff Mobile, Inc. (LFTO)

William Blair analyst Ralph Schackart maintained a Buy rating on Liftoff Mobile, Inc. today. The company’s shares closed last Wednesday at $25.26.

According to TipRanks.com, Schackart is a 4-star analyst with an average return of 11.4% and a 57.7% success rate. Schackart covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Alphabet Class C, and Meta Platforms. ;'>

Currently, the analyst consensus on Liftoff Mobile, Inc. is a Strong Buy with an average price target of $35.46, implying a 45.6% upside from current levels. In a report issued on July 29, RBC Capital also maintained a Buy rating on the stock with a $35.00 price target.

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Tencent Holdings (TCEHY)

In a report released today, Jiong Shao from Barclays maintained a Buy rating on Tencent Holdings, with a price target of $106.00. The company’s shares closed last Wednesday at $56.28.

According to TipRanks.com, Shao is a 4-star analyst with an average return of 5.6% and a 46.1% success rate. Shao covers the Technology sector, focusing on stocks such as Xiaomi Corp. Unsponsored ADR Class B, Pony AI Inc. Sponsored ADR, and Hon Hai Precision Industry. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tencent Holdings with a $106.00 average price target.

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